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US Drillers Cut Oil Rigs For Record 10th Straight Month

2019-09-27 19:26:13| OGI

U.S. energy firms reduced the number of oil rigs this week and for a record 10th month in a row as producers follow through on plans to cut spending on new drilling this year.

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IEA May Cut Its Oil Demand Growth Estimates If Global Economy Weakens

2019-09-27 11:55:06| OGI

The International Energy Agency (IEA) may cut its growth estimates for global oil demand for 2019 and 2020, should the global economy weaken further, its chief said on Sept. 27.

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US Oil Drillers Cut Rigs To Lowest Since May 2017

2019-09-20 19:15:02| OGI

Drillers cut 14 oil rigs in the week to Sept. 20, bringing down the total count to 719, Baker Hughes, a GE company, said in its weekly report.

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US Oil Drillers Cut Rigs For Fourth Consecutive Week

2019-09-13 19:15:59| OGI

Drillers cut five oil rigs in the week to Sept. 13, bringing down the total count to 733, the lowest since November 2017, Baker Hughes, a GE company, said in its weekly report.

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US Shale Firms Cut Budgets, Staff As Oil Price Outlook Dims

2019-09-06 15:30:29| OGI

The slowdown in drilling is spurring cost-cutting in oilfield services, including staff cuts and restructurings at top firms Schlumberger and Halliburton Co.

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