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5/20, 7:01 PM (Source: TeleTrader)
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Oil rig count in US up by 13 to 576 - Baker Hughes

The number of oil rigs in the United States went up by 13 to 576 in the week ending May 20 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of US gas rigs remained rose by 1 to 150, while the total number of rigs in the country reached 728. Compared to the same period a year earlier, the number of oil rigs was up by 220.

In Canada, the number of rigs remained unchanged at 88. The number of oil rigs went up by 3 and the number of gas rigs declined by 3 to stand at 40 and 48, respectively. Canada's oil rig count was up by 15 compared to the same period in 2021.

Baha Breaking News (BBN) / BU