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American company Baker Hughes reported a decrease in the number of operating oil and gas installations in the world in April for the second month in a row. Their number was 2,140 units, whereas a month earlier they numbered 2,113 installations. Compared to the same month last year, their number increased by 53 units. The United States recorded a drop in the number of installations by 11 units to 1,012. In Canada, the indicator fell by 85 units, amounting to 66 installations, which is the lowest value since June 2016. The share of North America in the world of existing drilling rigs dropped to 50.4% from 53% in March. The growth in the number of installations in April was shown by the following regions: Asia-Pacific - by 2 units, the Middle East - by 17 units, Europe - by 3 units, and Latin America - by 2 units.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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