Halliburton, Crude Oil Rises: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CRUDE OIL
Oil Climbs on Optimism Over U.S.-China Trade Talks - Crude jumped by the most in more than three weeks amid optimism over trade talks between the U.S. and China. Futures rose 1.8% in New York on Thursday. The U.S. and China began two days of talks, with both sides signaling they may reach a partial deal that could lead to a temporary truce on tariffs. (Houston Chronicle)

CORPORATE
Halliburton Lays Off 650 People in Four States - Oilfield services provider Halliburton (NYSE:HAL) confirmed that it has laid off 650 people in Colorado, New Mexico, North Dakota and Wyoming. The majority of those employees were given the option to relocate to other offices where more activity is anticipated, the company reported. (Oil & Gas 360)

PRODUCTION
Oil, Gas Discoveries in Russia, Cyprus, Guyana Lead 2019 Finds - This Houston Chronicle article discusses how oil and gas discoveries offshore of Russia, Guyana and Cyprus have led the top new finds this year, keeping 2019 on track to match last year's global discoveries. Oil and gas companies have discovered 7.7 billion barrels of oil equivalent this year, keeping the 2018 pace of 10 billion barrels for the full year. (Houston Chronicle)

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About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.