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Baker Hughes Inc

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  • Oil rigs increased by 12 to 640 following a slump that cut the number of active U.S. rigs from a peak of 1,609 in October to a nearly five-year low last week, energy services firm Baker Hughes Inc said. "This is the first weekly increase in 30 weeks and is an indication that the slump in drilling activity has ended," said Carsten Fritsch, senior oil analyst at Commerzbank...

  • UPDATE 5-Oil drops on rising U.S. rig count Friday, 3 Jul 2015 | 4:22 AM ET

    "This is the first weekly increase in 30 weeks and is an indication that the slump in drilling activity has ended," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt. Brent crude for August was down 45 cents at $61.62 a barrel by 0800 GMT, extending a downward trend in place since early May, which has seen prices fall almost 10 percent.

  • The rout in China's stock markets has wiped out trillions of dollars of market capitalization in Shanghai and Shenzhen's stock markets. Financial spreadbetters expected Britain's FTSE 100 to open down 0.1 percent, Germany's DAX up 0.2 percent, and France's CAC 40 or 0.3 percent higher. "Some of the stocks which have seen bubbly valuations in China have been the...

  • HONG KONG, July 3- Asian stocks fell on Friday as China's stocks plunged and growing caution before Greece's weekend referendum prompted investors to cut risky bets, while disappointing U.S. employment data weighed on the dollar. The rout in China's stock markets has wiped out trillions of dollars of market capitalization in Shanghai and Shenzhen's stock...

  • *Investors await outcome of Greece's referendum on Sunday. TOKYO, July 3- Asian stocks were little changed on Friday, with investors reluctant to stake out fresh positions after disappointing U.S. employment data and cautious ahead of Greece's weekend referendum which may decide its future in Europe. MSCI's broadest index of Asia-Pacific shares outside...

  • WASHINGTON, July 2- U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. The Labor Department said on Thursday nonfarm payrolls rose 223,000 last month after a downwardly revised 254,000 increase in May, with construction and government employment...

  • *First rise in U.S. oil rig count since December- Baker Hughes. *Some caution prevails over long July 4 weekend, Greece and Iran. Pulling crude futures off highs was the latest data on the U.S. oil rig count from Baker Hughes.

  • The oil rig count rise of 12 to 640 followed a six-month slump in activity that reduced the number of active rigs from a peak of 1,609 in October to a nearly five-year low last week, energy services firm Baker Hughes Inc said in its closely followed report. Drillers added rigs in all of the major U.S. shale oil basins- three in the Eagle Ford in South Texas, two in the...

  • WASHINGTON, July 2- U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. Nonfarm payrolls rose 223,000 last month, down from 254,000 in May, with construction and government employment unchanged, and the mining sector purging more jobs, the Labor...

  • OIL RIG COUNT RISES FOR FIRST TIME SINCE DECEMBER- BAKER HUGHES.

  • *Some caution prevails over long July 4 weekend, Greece and Iran. But with the Greek debt crisis unresolved and Iran nuclear talks pending, and Friday's U.S. The market is also expecting latest weekly estimate on the U.S. oil rig count from industry firm Baker Hughes at 1:00 p.m. EDT.

  • WASHINGTON, July 2- U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. Nonfarm payrolls increased 223,000 last month, with construction employment unchanged and the mining sector purging more jobs, the Labor Department said on Thursday.

  • *Nonfarm payrolls forecast to rise 230,000 in June. WASHINGTON, July 2- U.S. job growth likely cooled a bit in June after reaching a five-month high, but still-healthy hiring would suggest the labor market is strong enough to support a September interest rate increase by the Federal Reserve. We are making a lot of progress in reducing slack and unless the labor...

  • *Brent up 6 cents a barrel, U.S. crude down 7 cents. NEW YORK, June 26- Crude futures ended little changed on Friday after signs Greece might have a deal by the weekend to avoid a debt default, while Iran faced continued difficulty in securing an nuclear agreement to end sanctions on its oil exports. In Greece, Finance Minister Yanis Varoufakis said he saw no reason for...

  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 859, the first weekly gain since December. Houston- based Baker Hughes said Friday 628 rigs were seeking oil and 228 explored for natural gas. Alaska, Arkansas, California, Colorado, Kansas, Oklahoma, Pennsylvania,...

  • NEW YORK, June 26- Crude futures rose modestly Friday on hopes for a deal that would help Greece avoid a debt default, and on uncertainty over whether a nuclear deal could be sealed with Iran next week that may end crippling sanctions on its oil exports. Greece's Finance Minister Yanis Varoufakis said he saw no reason for Athens not to have a deal with its creditors...

  • It was the 29th straight weekly decline, bringing the total down to 628, the lowest since August 2010, oil services company Baker Hughes Inc said in its closely followed report. In the latest week, drillers removed two rigs in the Permian, the biggest U.S. shale oil play in West Texas and eastern New Mexico, and three in the Bakken centered in North Dakota.

  • Overall, drillers reduced the number of rigs by four this week, oil services company Baker Hughes Inc said in its closely followed report. The number of oil rigs in the Permian, the nation's biggest shale oil field located in West Texas and eastern New Mexico, climbed to 232 this week, up one from the lowest level in at least four years last week, according to Baker...

  • *Greece concerns boost dollar, weaken oil. *Coming Up: Baker Hughes oil rigs report at 1700 GMT. Market participants will be looking out for oil services firm Baker Hughes' latest weekly reading on the U.S. oil rig count at 1:00 p.m. Eastern time to decide on further direction.

  • COLUMN-North Dakota's oil production has peaked: Kemp Tuesday, 16 Jun 2015 | 8:14 AM ET

    LONDON, June 16- North Dakota's crude oil output has peaked, according to the latest production data published by the state government, as the slump in prices takes its toll. In the seven months between February and September 2014, output increased by 233,000 bpd, while in the seven months from September 2014 to April 2015, output actually edged down 18,000 bpd.