The number of active rigs drilling for oil in the US dropped by five this week to 744, according to the Baker Hughes weekly rig count. This makes the third week in a row the US oil-rig count has fallen.
There are now 935 total active rigs in the US, with 913 drilling on land and 19 offshore. Last week, that number stood at 936.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Sorry to hear that….
It will affect the oil price market around the world….