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5/27, 7:00 PM (Source: TeleTrader)
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US oil rig count down by 2 - Baker Hughes

The number of oil rigs in the United States declined by 2 to 574 in the week ending May 27 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of US gas rigs rose by 1 to 151 during the same week to bring the total number of rigs in the country to 727. Compared to the same period a year earlier, the number of oil rigs was up by 215.

In Canada, the number of rigs climbed by 15 to 103. The number of oil rigs in Canada increased by 15 to 55, while the number of gas rigs remained unchanged at 48. Canada's oil rig count was up by 27 compared to the same period in 2021.

Baha Breaking News (BBN) / NP