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7/29, 7:04 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count up by 6 to 605

The number of oil rigs in the United States increased by 6 in the week ending July 29 compared to the previous week to reach 605, according to the Baker Hughes weekly rig count released on Friday.

Compared to the same period a year earlier, the number of oil rigs was up by 220. The number of US gas rigs rose by 2 during the same week to bring the total number of rigs in the country to 157.

In Canada, the number of rigs climbed by 9 to 204. The number of oil rigs in Canada increased by 13 to 137, while the number of gas rigs declined by 4 to 67. Canada's oil rig count was up by 44 compared to the same period in 2021.

Baha Breaking News (BBN) / ND