11/15/2019, 7:02 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count down by 10 to 674

The number of oil rigs in the United States decreased by 10 to 674 in the week ending November 15 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 1 amount to 129 during the same week. The total number of rigs in the country was 806, as the number of miscellaneous rigs remained unchanged at 3. On an annual basis, the number of oil rigs decreased by 214.

In Canada, the total rig count was 134, down by 6 from the previous week. The number of oil rigs decreased by 9 to 88 and the number of gas rigs was up by 3 to 46. Year-on-year, the number of oil rigs in Canada fell by 30.

Breaking the News / VP