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Deutsche Bank believes oil market supply and demand fundamentals are beginning to tighten, but that this upcycle will be far more subdued.
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In the week ended March 27, the number of rigs drilling for oil in the United States totaled 813, compared with 825 in the prior week.
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Baker Hughes has released its weekly rig count report, and the numbers just are not very good at all.
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In the week ended March 20, the number of rigs drilling for oil in the United States totaled 825, compared with 866 in the prior week and 1,473 a year ago.
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In the week ended March 13, the number of rigs drilling for oil in the United States fell to 866 from 922 in the prior week.
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Oppenheimer lowered its earnings estimates and price targets on Baker Hughes, Halliburton and Schlumberger based on its U.S. rig count analysis.
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The oil services trade is still a contrarian one, to say the least. The pain in the industry is not going away anytime soon, so sticking with the top names that weathered downturns before makes the...
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In the week ended February 27, the total number of working drilling rigs in the United States declined again, according to the Baker Hughes North American Rotary Rig Count.
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ThinkstockIn the week ended February 20, the total number of rigs drilling for oil in the United States came in at 1,019, compared with 1,056 in the prior week and 1,425 a year ago. Including 291...
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Recently, Bloomberg put together numbers that showed low oil prices have already caused the loss of 100,000 jobs within the industry worldwide.
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In the week ended February 13, the total number of rigs drilling for oil in the United States came in at 1,056, according to the latest Baker Hughes North American Rotary Rig Count.
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ThinkstockHalliburton Co. (NYSE: HAL) announced to its employees on Tuesday that the company would lay off between 5,000 and 6,500 employees due to low crude oil prices and the concomitant slowdown...
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Last week, the total number of rigs drilling for oil in the United States fell, according to the latest Baker Hughes North American Rotary Rig Count.
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Weatherford International has begun firing employees and said it had targeted a reduction of 8,000, mostly in the Western Hemisphere, by the end of June.
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In the week ended January 30, the total number of rigs drilling for oil in the United States was down week-over-week and year-over-year.
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