Oil's Double Edged Sword: Record Orders vs.
Waning Demand Baker Hughes' record breaking orders for 2026 have sent shares soaring, but beneath the surface lies a more nuanced story – one that speaks to the complexities of an industry in flux.
The energy giant's impressive quarterly earnings and backlog growth mask a warning that oil and gas producers will spend modestly less this year, with the Middle East conflict casting a long shadow over global markets.