US Drillers Add Most Oil, Gas Rigs in a Week Since November
Despite this week's rig increase, Baker Hughes said the total count was still down 122, or 16%, below this time last year.
What's Affecting Oil Prices This Week? (Sept. 11, 2023)
The extension of the supply cuts from OPEC+ have overcome concerns about global oil demand and to push price of Brent crude above $90 for the first time since November 2022.
US Drillers Add Oil Rigs for First Time Since June
U.S. energy firms this week increased the number of oil rigs operating for the first time since June.
US Drillers Cut Oil and Gas Rigs for Eighth Week in a Row
U.S. energy firms this week cut the number of active oil and natural gas rigs for an eighth week in a row, says Baker Hughes.
US Drillers Cut Oil Rigs for Ninth Month in a Row: Baker Hughes
The oil and gas rig count dropped by 10, landing at 632 for the week leading to Aug. 25.
US Drillers Cut Oil and Gas Rigs for Sixth Week in a Row: Baker Hughes
For the week ending Aug. 18, the oil and gas rig count fell by 12 to 642, the lowest since February 2022.
US Drillers Cut Oil and Gas Rigs for Fifth Week in a Row: Baker Hughes
The oil and gas rig count dropped to 654, a decrease of 5 in the week ending Aug. 11.
US Drillers Cut Oil Rigs for Eighth Week in a Row: Baker Hughes
Oil rigs in the U.S. dropped to 525 this week, while gas rigs were left unchanged, ending the week at 128.
US Drillers Cut Oil Rigs for Eighth Month in a Row: Baker Hughes
Oil rigs dropped to 529, the lowest since March 2022, and gas rigs fell to 128.
US Drillers Cut Oil and Gas Rigs for Second Week in a Row: Baker Hughes
Oil rigs dropped to 530 this week, while gas rigs fell by two to 131.