The Latest Breaking News from Baker Hughes

Several decades of strategy mistakes, market difficulties, and outside forces contributed to General Electric's (GE) downfall. Corporate strategy, leadership, and the significance of responding to changing market dynamics can be learned from GE's decline, which betrays the company's former status as an American industrial innovation and management excellence paragon.

Rudolph the Red-Nose Pumping Unit has long been a holiday tradition in Lufkin. The machinery, now used worldwide to extract oil from the ground, was invented by a local businessman.

The head of the U.S. Senate Foreign Relations Committee has asked America's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine

Rising demand for oil and gas, production cuts, and declining inventory are anticipated to push oil prices up in the upcoming months. Given the immense resilience within the energy sector, let’s compare energy stocks Exxon Mobil (XOM) and Baker Hughes (BKR) to determine which of these two players could be…

October WTI crude oil (CLV23 ) on Friday closed up +0.78 (+0.99%), and Oct RBOB gasoline (RBV23 ) closed up +6.40 (+2.48%). Crude oil and gasoline prices Friday posted moderate gains, with gasoline climbing to a 1-week high. Crude garnered support Friday after Marathon Petroleum shut the Garyville refinery in...

September Nymex natural gas (NGU23 ) on Friday closed +0.021 (+0.83%). Nat-gas prices Friday recovered from early losses and posted moderate gains. Nat-gas moved higher Friday afternoon after the weekly report from Baker Hughes that active U.S. nat-gas rigs fell to a 1-1/2 year low, which signals a decline in...

September WTI crude oil (CLU23 ) on Friday closed up +0.86 (+1.07%), and Sep RBOB gasoline (RBU23 ) closed up +0.15 (+0.05%). Crude oil and gasoline prices on Friday settled moderately higher. A weaker dollar Friday was supportive of energy prices. Also, concerns about tight global supplies are bullish for...

September Nymex natural gas (NGU23 ) on Friday closed +0.007 (+0.25%). Nat-gas prices Friday recovered from early losses and closed slightly higher. Short-covering emerged in nat-gas futures Friday afternoon after the weekly report from Baker Hughes showed active U.S. nat gas rigs fell to a 1-1/2 year low. Nat-gas also...

September WTI crude oil (CLU23 ) on Friday closed up +1.27 (+1.56%), and Sep RBOB gasoline (RBU23 ) closed up +1.84 (+0.67%). Crude oil and gasoline prices Friday closed moderately higher, with crude posting a 3-1/2 month high. A weaker dollar Friday was bullish for energy prices. Also, the outlook...