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Oil Patch Gets Frugal as Investors Urge Profits Over Boom - Bloomberg
CNBC | Oil Patch Gets Frugal as Investors Urge Profits Over Boom Bloomberg The evidence is stacking up: The latest rig count showed the biggest one-week drop in the Permian Basin in 19 months, while Schlumberger Ltd. and Baker Hughes, the two largest oil service companies, blamed lackluster earnings on the reluctance of North ... Oil market trends are setting the foundation for higher crude prices, Schlumberger says Oil and Gas Stock Roundup: The Rig Count Keeps Tumbling, Pulling Service Stocks With It |
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