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Oil Rebounds As U.S. Drillers Continue To Pull Back ...Middle East
The total number of total active drilling rigs in the United States fell by 9 this week, according to new data from Baker Hughes published Friday, after falling by 11 last week and 17 the week before that. The total rig count fell to 711 this week—16 rigs below this time last year. The current count is 364 fewer rigs than the rig count at the beginning of 2019, prior to the pandemic. The number of rigs fell by 5 this week to 570. Gas rigs fell by 4 to 137. Miscellaneous rigs stayed the same at 4. The rig count in the Permian Basin saw a rebound…
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