1/20, 7:02 PM (Source: TeleTrader)
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US oil rig count down by 10 to 613

The number of oil rigs in the United States decreased by 10 to 613 in the week ending January 20 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of US gas rigs rose by 6 to 156 during the same week bringing the total number of rigs in the country to 771. Compared to the same period a year earlier, the number of oil rigs was up by 122.

In Canada, the number of rigs jumped by 14 to 241. The number of oil rigs in Canada increased by 12 to 153 and the number of gas rigs rose by 2 to 88. Canada's oil rig count was up by 19 compared to the same period in 2022.

Baha Breaking News (BBN) / NP