Baker Hughes

Number of oil rigs drops for eight month straight

Number of oil rigs drops for eight month straight

The US drilling rig count dropped 41 units to 437 rigs, representing the 8th month of declines, according to Baker Hughes Inc. data. The worldwide rig count for April was 1424, down 127 from March and down 844 year-over-year. …

Brent rises above $42

Brent rises above $42

Oil prices have continued to rise on world markets. As of 8:37, a barrel of Brent oil rose in price by 0.24% to $ 42.04. At the same time futures for WTI rose 0.15% to $ 39.78 per barrel. The rise in prices is associated with …

 Oil continue to fall awaiting US statistics

Oil continue to fall awaiting US statistics

The decline in world oil prices is associated with the publication of the US Department of Energy's new statistics and in anticipation of Baker Hughes statistics. As of 8:00 MSK, the price of a barrel of Brent crude dropped 0.02%, …

Number of US oil rigs drops to 2009 level

Number of US oil rigs drops to 2009 level

The number of US oil rigs dropped by 26 this week to 413, according to Baker Hughes data. It's the lowest level since December 2009. According to Financial Times, a similar trend is observed on the background of the last report of …