1/14, 7:02 PM (Source: TeleTrader)
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US oil rig count up by 11 to 492 - Baker Hughes

The number of oil rigs in the United States has risen by 11 to 492 in the week ending January 14 compared to the previous week, according to the Baker Hughes weekly rig count published on Friday.

The number of US gas rigs went up by 2 to 109 during the same week, bringing the total number of rigs in the country to 601. Compared to the same period a year earlier, the number of oil rigs was up by 205.

In Canada, the number of rigs jumped by 50 to 191. The number of oil rigs in Canada increased by 43 to 121, while the number of gas rigs climbed by 7 to 70. Canada's oil rig count was up by 31 compared to the same period in 2021.

Baha Breaking News (BBN) / BU