3/15, 6:04 PM (Source: TeleTrader)
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US oil rig count down by 1 to 833 - Baker Hughes

The number of oil rigs in the United States fell by 1 to 833 in the week ending March 16 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs remained unchanged at 193 during the same week, bringing the total number of rigs in the country to 1,026. On an annual basis, the number of US oil rigs was up by 33.

In Canada, the total rig count declined by 28 to 161, with the number of oil rigs falling by 20 to 98 and gas rigs decreasing by 8 to 63. Compared to the previous year, the number of oil rigs in Canada was down by 46, while gas rigs declined by 12 annually.

Breaking the News / FH