3/31, 7:01 PM (Source: TeleTrader)
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US oil rig count down by 1 to 592

The number of oil rigs in the United States decreased by 1 to 592 in the week ending March 31 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of US gas rigs fell by 2 to 160 during the same week bringing the total number of rigs in the country to 755. Compared to the same period a year earlier, the number of oil rigs was up by 59.

In Canada, the number of rigs dropped by 26 to 139. The number of oil rigs in Canada slid by 28 to 58 and the number of gas rigs rose by 2 to 81. Canada's oil rig count was down by 6 compared to the same period in 2022.

Baha Breaking News (BBN) / NP