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7/23, 7:01 PM (Source: TeleTrader)
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US oil rig count up by 7 to 387 - Baker Hughes

The number of oil rigs in the United States increased by 7 to 387 in the week ending July 23 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs remained unchanged at 104 during the same week to bring the total number of rigs in the country to 491. Compared to the same period a year earlier, the number of oil rigs rose by 206.

In Canada, the number of rigs decreased by 1 to 149. The number of oil rigs in Canada declined by 1 to 93and the number of gas rigs was unchanged at 55. Canada's oil rig count was up by 83 compared to the same period in 2020.

Breaking the News / NP