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8/12, 7:05 PM (Source: TeleTrader)
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Oil rig count in US up by 3 to 601 - Baker Hughes

The number of oil rigs in the United States grew by 3 to 601 in the week ending August 12 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of US gas rigs fell by 1 to 160 during the same week to bring the total number of rigs in the country to 763. Compared to the same period a year earlier, the number of oil rigs was up by 262.

In Canada, the number of rigs decreased by 2 to 201. The number of oil rigs in Canada fell by 3 to 137, while the number of gas rigs grew by 1 to 64. Canada's oil rig count was up by 37 compared to the same period in 2021.

Baha Breaking News (BBN) / JG