Tag Archives: Baker Hughes

The number of rigs targeting gas rose by nine to 224. while the oil-directed rig total increased by 11 to 857.

Crude oil prices were slightly up during the week with declines in U.S. crude oil inventories and production.

Oil services were hit hard by the steep sell-off in the oil market that started in 2014.

Beyond OPEC. oil prices have been boosted by U.S. sanctions against OPEC members Iran and Venezuela.

OPEC is likely to push back their decision of whether or not to extend the output cut agreement to June from April.

The two sides are yet to sign any official agreement regarding the extension of the deadline.

Last year. Google quietly started an oil. gas. and energy division.

China’s vehicle sales last month fell by 15.8 percent versus the same month in 2018.

Oil has rebounded this year as OPEC’s production cuts have taken effect.

China is trying to stem the slowdown with aggressive fiscal stimulus measures.