Baker Hughes sees 30% drop in global oil rigs in 2016

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Baker Hughes in their earnings report noted oil rig counts across the globe could drop as much as 30% in 2016.

    The report says, “Global rig activity seen declining throughout 2016 and the global rig count view is at current commodity prices.”
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