6/26, 7:01 PM (Source: TeleTrader)
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US oil rig count down by 1 to 188 - Baker Hughes

The number of oil rigs in the United States decreased by 1 to 188 in the week ending June 26 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs was unchanged at 75 during the same week to bring the total number of rigs in the country to 265 with two miscellaneous rigs.Compared to the same period a year earlier, the number of oil rigs plunged by 702.

In Canada, the number of rigs decreased by 4 to 13. Oil rigs were down by 1 to 4, while the number of gas rigs fell by 3 to 9. The number of oil rigs in Canada declined by 11 compared to the same time a year ago.

Breaking the News / JC