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9/20, 7:00 PM (Source: TeleTrader)
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US oil rig count down 14 to 719 - Baker Hughes

The number of oil rigs in the United States decreased by 14 to 719 in the week ending September 20 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs fell by 5 to number amount to 148 during the same week. The total number of rigs in the country was 868, as the number of miscellaneous rigs rose to 1. On an annual basis, the number of oil rigs decreased by 185.

In Canada, the total rig count was 119, down by 15 from the previous week. The number of oil rigs decreased by 11 to 82 and the number of gas rigs fell by 4 to 37. Year-on-year, the number of oil rigs fell by 78.

Breaking the News / MD