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In June, the number of operating oil and gas drilling rigs in the world increased to 2 thousand 152 against 2 thousand 96 in May, according to the data of the oil service company Baker Hughes. The growth of installations is observed for the second month in a row. In annual terms, the indicator in June increased by 111 units. The number of installations in the US increased by 10 units to the maximum since March 2015, the value of 1 thousand 56 installations. In Canada, the number of drilling rigs increased by 54 units. North America now accounts for 55.4% of all drilling rigs in the world, compared with 53% a year earlier. In Europe, the number of oil and gas installations decreased by 2 units, in the Middle East - by 9 units, in the Asia-Pacific region - by 3 units. In Latin America, the indicator increased by 6 units.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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 ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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