9/3, 7:01 PM (Source: TeleTrader)
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US oil rig count down by 16 to 394 - Baker Hughes

The number of oil rigs in the United States decreased by 16 to 394 in the week ending September 3 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs remained rose by 5 to 102 during the same week to bring the total number of rigs in the country to 497. Compared to the same period a year earlier, the number of oil rigs increased by 213.

In Canada, the number of rigs climbed by 5 to 152. The number of oil rigs in Canada increased by 7 to 92, while the number of gas rigs was fell by 2 to 60. Canada's oil rig count was up by 73 compared to the same period in 2020.

Breaking the News / NP