two-year-price

Baker Hughes-GE talks come after difficult time for both companies

Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil's two-year price rout, may have a clear path out of the doldrums: join forces. GE said Thursday it was in discussions with Baker Hughes Inc but not to acquire the company outright. Baker Hughes said Friday talks were ongoing.

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Baker Hughes-GE talks come after difficult time for both companies

two-year-price

Renewed oil weakness sparks demand fears

U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Mounting fears that demand has fallen short of expectations as production increases and rig counts rise has analysts believing that any oil price recovery may be a year or more in the future.

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Renewed oil weakness sparks demand fears