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11/22/2023, 7:02 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count unchanged at 500

The number of oil rigs in the United States remained unchanged, on a weekly basis, standing at 500 in the week ending November 22, it was shown in the Baker Hughes rig count data released on Wednesday. Year over year, oil rigs slumped by 127.

The US gas rig count rose by three to 117 during the same week, while it fell by 38 compared to last year. The total number of rigs in the country currently stands at 622, up by four from last week but tumbling by 162 from the previous year.

In Canada, the total rig count stood at 197, up by one from last week and increasing by three compared to 12 months ago. The number of oil rigs grew by one to 124 and the number of gas rigs was unchanged at 73. On an annual level, Canada lost five oil rigs, while the number of gas rigs was up by eight.

Baha Breaking News (BBN) / AY