|Day Low/High||54.75 / 55.64|
|52 Wk Low/High||41.74 / 68.59|
Sixteen rigs came online overall, with eight oil rigs added in U.S. resource basins and eight natural gas rigs added.
The deals with top U.S. companies such as oilfield services firms Schlumberger, Halliburton, Baker Hughes, and Weatherford are part of the Saudi Aramco's push to develop local manufacturing.
Global oil prices surged in overnight trading after oil ministers from Saudi Arabia and Russia said they would agree to extend OPEC's current production cuts for a further nine months.
U.S. oil producers brought nine rigs online during the past week, while the natural gas rig count fell by one. West Texas' Permian Basin saw eight rigs added alone.
Global oil prices spiked higher Monday after comments from Saudi Arabia's Oil Minister raised the prospect of an extension of OPEC's production cuts into the second half of the year.
Six oil rigs came online, while two natural gas rigs were added and one miscellaneous rig came offline. Seven rigs were added in West Texas' lucrative Permian Basin alone.
Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2017 was 956, up 13 from the 943 counted in March 2017, and up 10 from the 946 counted in April 2016.
Baker Hughes Incorporated (NYSE:BHI) announced today the commercial release of its Dynamus™ extended-life polycrystalline diamond compact (PDC) drill bit which can significantly reduce drilling costs by eliminating...
Global oil prices rebounded modestly Tuesday after a key OPEC member said it would be "logical" to extend the cartel's agreed production cuts beyond the June deadline.
Baker Hughes Incorporated (NYSE:BHI) announced today the introduction of its DEEPFRAC™ deepwater multistage fracturing service, which can save operators hundreds of millions of dollars in offshore developments through...
President Trump's executive order to expand offshore drilling may be a long-term positive for a beaten down industry, but it's not a near-term solution.
Land-based oil rigs increased by nine week over week, while natural gas rigs rose by four. The offshore count, meanwhile, continues to falter with a decrease of three rigs.
Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer Martin S.
Some kind of spending deal will have to be in place by Saturday in order to avoid the mayhem.
U.S. stock futures rise and European shares are mostly higher as global markets rally in the wake of Emmanuel Macron's victory in the first round of France's presidential elections.
Baker Hughes Incorporated (NYSE: BHI) announced today results for the first quarter of 2017.
Here are five things you must know for Tuesday, April 2.
Full-steam ahead for earnings season in the coming week as a range of industry leaders across a swath of sectors release their recent quarterly performances.
Earnings and hopes for a tax plan help lift the markets. Portfolio moves include exiting a utility position.
The land-based oil and natural gas rig counts increased by five units apiece week-over-week as the offshore count fell by one.
We continue to like the stock for those looking for income and who are willing to wait for the restructuring to take shape.
Here are Wednesday's top research calls, including upgrades for Bank of America, Goldman Sachs and HP, along with new coverage of Comcast, Verizon, AT&T, Sprint and T-Mobile.
The U.S. land rig count has been pumped up for yet another straight week as producers added 11 oil rigs, while the gas rig count fell by three.
Shares of Baker Hughes have been flirting with a bear channel breakout since late March. It now appears to be in play.
U.S. producers added 10 oil rigs and five natural gas rigs this week, bringing the tally up to 839.
Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for March 2017 was 943, up 2 from the 941 counted in February 2017, and down 42 from the 985 counted in March 2016.
Global crude oil prices hit a one-month high Wednesday ahead of key U.S. supply data that could signal a change in direction for the world's most-traded commodity.
The recent rally in crude futures seems once again to be lacking fundamental support after the U.S. Energy Information Agency reported a bearish growth in domestic oil production in January.