BAKER HUGHES – Charm

Oil prices slip on concerns over US-China trade tensions

Cs news7 months ago04 mins

Oil prices dipped on Monday, pressured by worries over a global glut as escalating U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand. Brent crude futures fell 24 cents, or 0.4%, at $61.05 a barrel at 0032 GMT, while U.S. West Texas Intermediate futures were down 21 cents, or 0.4%,…

US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says

Cs news11 months ago04 mins

By Scott DiSavino (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes said in its closely followed report on Friday….