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1/7, 7:02 PM (Source: TeleTrader)
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Number of US oil rigs up by 1 to 481 - Baker Hughes

The number of oil rigs in the United States grew by 1 to 481 in the week ending January 7 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of US gas rigs also rose by 1 to 107 during the same week to bring the total number of rigs in the country to 588. Compared to the same period a year earlier, the number of oil rigs was up by 206.

In Canada, the number of rigs jumped by 51 to 141. The number of oil rigs in Canada increased by 39 to 78, while the number of gas rigs climbed by 12 to 63. Canada's oil rig count was up by 25 compared to the same period in 2021.

Baha Breaking News (BBN) / NP