Baker Hughes reported a decrease in the U.S. oil rig count by five, bringing the total to 474, which is the lowest count since late January and 22 rigs lower than the same period last year.
Baker Hughes experienced a stock price increase of about 1%, attributed to a positive trend in the oil market amid easing trade tensions between the U.S. and China.
Baker Hughes expects to secure at least $1.5 billion in orders for data-center equipment in the next three years, driven by demand in LNG infrastructure and data-center projects.
