US drillers add oil and gas rigs for third week in a row - Baker Hughes
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U.S. energy firms have increased the number of oil and gas rigs for the third consecutive week, according to Baker Hughes' latest report. This marks the first such increase since December 2023.
February 14, 2025 | 6:30 pm
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Baker Hughes reports a third consecutive weekly increase in U.S. oil and gas rigs, a positive sign for the company's services demand.
The increase in oil and gas rigs suggests higher demand for Baker Hughes' energy services, potentially boosting its revenues and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80