Large concentration of hedge funds long positions introduced downside risk into short-term outlook for oil prices By John Kemp LONDON (Reuters) – Hedge funds amassed a record bullish position in crude oil futures and options by the end of last year, which helped drive crude prices sharply higher in the final six weeks of 2016. […]
Hedge funds: fully invested in oil or not? Kemp Read More »
Baker Hughes revenue for 2015 was $15.7 billion, down $8.8 billion compared to$24.6 billion for 2014 HOUSTON, Texas – Baker Hughes, soon to be merged with oil services giant Halliburton, is reporting a profit despite the challenging global price environment, the company reported last week. “Our 2015 results are reflective of an extremely difficult and increasingly
Baker Hughes sees big drop in 2015 North American revenue Read More »
Total Halliburton annual revenue of $23.6 billion declined 28% year-over-year, moving ahead with Baker Hughes acquisition Economic headwinds affecting the global oil and gas industry took their toll on industry leader Halliburton, but the company says it still managed to outperform industry averages. Halliburton has announced that income from continuing operations for the fourth quarter of 2015
Halliburton revenue drops 28% in Q4, 2016 to be ‘a tough year’ Read More »
