23
Apr
15:56
Baker Hughes slashes 2020 capex
US oilfield services company Baker Hughes has cut its internal capital expenditures to match the on-going cuts taking place in the industry, according to the company’s first-quarter earnings review.
“The sudden demand shock from Covid-19 combined with rising global oil supply drove a -67% decline in oil prices during the first quarter,” the company says. “Looking forward, the outlook for oil and gas demand and supply appears equally u…
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Anonymous
Very good overview of the weekly steel market.
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