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11/19/2021, 7:04 PM (Source: TeleTrader)
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US oil rig count up by 7 to 461 - Baker Hughes

The number of oil rigs in the United States came in at 461 in the week ending November 19, up by seven in comparison to the previous week, Baker Hughes revealed in its report released on Friday. On an annual level, the figure rocketed by 230.

Meanwhile, the figure for gas rigs in the country remained unchanged at 102 compared to the previous seven-day period. In comparison to the same time last year, it rose by 26. The total count of rigs in the US is now at 563, up by seven week-on-week and 253 year-on-year.

In Canada, the number of overall rigs declined by one to 167 in contrast with the past week but increased by 66 on an annual basis. In comparison to the last seven-day timeframe, the tally of oil rigs went up by one to 102, while the one for gas rigs decreased by two to 65. Yearly, the figures expanded by 60 and six, respectively.

Baha Breaking the News (BBN) / JR