Oil Rig Count Slides Amid OPEC Optimism | OilPrice.com:
The US oil and gas rig count continued to fall this week, according to Baker Hughes, falling by 3 rigs for the week, according to Baker Hughes, with no obvious end to the fall in sight.
For oil rigs, this week marks the fourteenth decrease out of the last sixteen weeks, falling 107 rigs in that timeframe.
The total oil and gas rig count now stands below 800 for the first time since March 2017, at 799, or 276 down from this time last year.
The total number of active oil rigs in the United States decreased by 5 according to the report, reaching 663. The number of active gas rigs increased by 2, settling at 133.
The US oil and gas rig count continued to fall this week, according to Baker Hughes, falling by 3 rigs for the week, according to Baker Hughes, with no obvious end to the fall in sight.
For oil rigs, this week marks the fourteenth decrease out of the last sixteen weeks, falling 107 rigs in that timeframe.
The total oil and gas rig count now stands below 800 for the first time since March 2017, at 799, or 276 down from this time last year.
The total number of active oil rigs in the United States decreased by 5 according to the report, reaching 663. The number of active gas rigs increased by 2, settling at 133.
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