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Baker Hughes Inc

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  • Brent hits 2015 high of $66.95 a barrel. LONDON, May 4- Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures would be rolled out. Brent crude was up 39 cents to $66.85 a barrel by 0848 GMT, after hitting a 2015 peak of $66.95.

  • *U.S. weekly oil rig count decline slows- Baker Hughes. SINGAPORE, May 4- Brent crude edged towards $67 a barrel on Monday, reversing earlier losses after weak Chinese data reinforced views that stimulus measures would be rolled out for the world's second largest economy. What the market really wants to see is supply being cut to match the demand level, "said Ric...

  • *U.S. weekly oil rig count decline slows- Baker Hughes. SINGAPORE, May 4- Brent crude dipped towards $66 a barrel on Monday as weak Chinese data added to demand fears, while near-record supplies from OPEC producers maintained worries about oversupply. What the market really wants to see is supply being cut to match the demand level, "said Ric Spooner, chief market...

  • *Iraq oil exports hit record 3.08 mln bpd in April. SINGAPORE, May 4- Brent crude dipped towards $66 a barrel on Monday as weak Chinese data stoked demand fears, while near-record supplies from OPEC producers reinforced worries about oversupply. Oil supplies from the Organization of the Petroleum Exporting Countries, which produces about 40 percent of oil...

  • *Iraq exports reach 3.08 million bpd in April. NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and on pressure from a stronger dollar. June Brent crude fell 32 cents to settle at $66.46 a barrel, after falling to $65.52 and having earlier matched Thursday's 2015 peak of $66.93.

  • *Iraq exports reach 3.08 million bpd in April. NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and on pressure from a stronger dollar. June Brent crude fell 32 cents to settle at $66.46 a barrel, after falling to $65.52 and having earlier matched Thursday's 2015 peak of $66.93.

  • NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and as the dollar strengthened. June Brent was down 78 cents at $66 barrel at 1:35 p.m. EDT, up from its $65.52 low after matching Thursday's 2015 peak of $66.93. U.S. crude for June delivery was down 86 cents at $58.77, after hitting a 2015 high of $59.90...

  • *U.S. rig count from Baker Hughes due 1:00 p.m. EDT. NEW YORK, May 1- Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and prices were pressured also by a stronger dollar. June Brent was down 86 cents at $65.92 barrel at 11:37 a.m. EDT, after matching Thursday's 2015 peak of $66.93 and jumping 21 percent in April.

  • POLL-Oil prices to stay weak for at least a year Thursday, 30 Apr 2015 | 6:00 AM ET

    *Brent crude oil seen averaging $60/ barrel, WTI $54.40 in 2015. April 30- Oil is likely to stay relatively weak for at least the next year, a Reuters poll forecast on Thursday, suggesting a slowdown in oil production in the United States will not be enough to offset a global supply glut. The price crash has forced some exploration companies to stop drilling for oil and...

  • UPDATE 1-National Oilwell forecasts declining revenue Tuesday, 28 Apr 2015 | 8:32 AM ET

    April 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, reported lower-than-expected quarterly revenue and forecast declining revenue for the next few quarters as weak oil prices reduce drilling activity. The company, which in February warned of a "severe downturn" in its business, said total backlog fell to $11.86 billion in the first...

  • *Saudi Arabia tells China ready to supply more oil if needed. NEW YORK, April 27- Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of U.S. rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week. "While the situation in Yemen and the falling U.S. rig count have...

  • US oil ends slightly lower after volatile session Monday, 27 Apr 2015 | 2:32 PM ET
    Oil Iraq OPEC

    Oil prices seesawed on Monday as conflict in Yemen and falling U.S. rig counts lent support, while ample global supply kept traders cautious.

  • NEW YORK, April 27- Oil futures seesawed in volatile trading on Monday as the conflict in Yemen and falling U.S. rig counts lent support, while ample global supply kept market participants cautious after prices reached 2015 peaks last week. Saudi-led aircraft pounded Iran- allied Houthi militiamen and rebel army units in Yemen on Monday as a humanitarian crisis...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden. While Yemen itself is not among the biggest oil producers in the region, Gulf producers ship oil along the Gulf of Aden on Yemen's southern coast and through the narrow straits of Bab el-Mandeb, between...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. Brent fell 20 cents to $65.08 a barrel by 1145 GMT, having touched $65.61 earlier in the session. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden.

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. LONDON, April 27- Brent crude reversed early gains to fall below $65 on Monday as the dollar strengthened, offsetting signs that U.S. shale output may have started to decline and concerns that fighting in Yemen could disrupt Middle East supplies. Brent fell 47 cents to $64.81 a barrel by 0936 GMT, having touched...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. LONDON, April 27- Brent crude prices steadied above $65 a barrel on Monday, supported by signs that U.S. shale output may have started to decline and concerns that fighting in Yemen could disrupt Middle East supplies. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. *Fighting escalates in Yemen, no resolution in sight. SINGAPORE, April 27- Brent crude prices held near a 4-1/ 2 month high above $65 a barrel on Monday, supported by concerns over fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline.

  • *Fighting escalates in Yemen, no resolution in sight. SINGAPORE, April 27- Brent crude prices held near a 4-1/ 2 month high above $65 a barrel on Monday, supported by concerns about fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against...

  • US oil and natural gas rig count drops by 22 to 932 Friday, 24 Apr 2015 | 1:25 PM ET

    Houston- based Baker Hughes said Friday 703 rigs were seeking oil and 225 explored for natural gas. Among major oil- and gas-producing states, Texas lost 19 rigs; North Dakota lost five; Oklahoma was down three; and Alaska, New Mexico and West Virginia each lost one. Louisiana gained two rigs, while Arkansas, California, Colorado, Kansas and Pennsylvania each gained...