Baker Hughes does not believe in the deficiency of oil predicted by Halliburton

Halliburton warned about inevitability of deficiency of oil. However then Baker Hughes submitted more joyful forecast. "At present we do not expect deficiency, – declared during the World oil congress in Houston the chief executive officer of Baker Hughes Lorenzo Simonelli. – Demand will continue to improve. But such countries as Saudi Arabia, and also United Arab Emirates, have opportunity to increase the production". Baker Hughes, according to him, prepares for 20 percent increase in activity on fields in North America in 2022 and at least for 15% in other places. The forecast is based...