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Baker Hughes says oil producers unlikely to increase spending this year

Reuters
Summary
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78% Informative

U.S. oil and gas producers unlikely to increase spending this year , Baker Hughes CEO says.

Output increases will primarily come from improved efficiencies rather than new drilling, he says.

President Donald Trump 's administration has exhorted the industry to maximize oil production.

Baker Hughes does not expect to restructure or reduce its workforce currently, he said.

VR Score

88

Informative language

94

Neutral language

53

Article tone

formal

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English

Language complexity

65

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not offensive

Hate speech

not hateful

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not detected

Known propaganda techniques

not detected

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short-lived

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