6/2, 7:06 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count down by 15 to 555

The number of oil rigs in the United States stood at 555 in the week ending June 2, falling by 15 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of US gas rigs landed at 137 during the same week, decreasing by four and bringing the total number of rigs in the country to 696. Compared to the same period a year earlier, the number of oil rigs was down by 19.

In Canada, the total number of rigs climbed by 10 to 97. The number of oil rigs in Canada increased by 9 to 51, while the number of gas rigs rose by 1 to 46. Canada's oil rig count was down by 20 from the same period in 2022.

Baha Breaking News (BBN) / JG