The latest data from Baker Hughes indicates that the US oil rig count has dropped to 479, the lowest since December 2021. This represents a decline of 6 rigs from the previous count of 485, missing the forecast. Additionally, the total US rig count, which includes both oil and gas rigs, fell to 581 from 588, with rotary gas rigs decreasing to 97 from 98. The decrease in rig counts highlights ongoing challenges in the oil and gas industry.
The latest data from Baker Hughes shows that the US oil rig count has dropped to 479, missing forecasts and down from 485 in the previous week. This decrease reflects ongoing challenges in the oil and gas industry.
US oil-directed rig count declined by 6 to 479 https://t.co/ywynIBnQ1v
RIGS GOING TO ZERO PRODUCTION TO 100 MMBPD https://t.co/0B7JrTdI8V
Baker Hughes US oil right count falls to the lowest since December 2021 https://t.co/Y48cPFjDvk
🇺🇸 United States U.S. Baker Hughes Oil Rig Count $USD Actual: 479 Previous: 485
🇺🇸 United States U.S. Baker Hughes Total Rig Count $USD Actual: 581 Previous: 588
US oil rigs -6 to 479 Baker Hughes #oott
US Oil Rig Count Down 6 to 479: Baker Hughes
U.S. BAKER HUGHES OIL RIG COUNT ACTUAL: 479 VS 485 PREVIOUS U.S. BAKER HUGHES TOTAL RIG COUNT ACTUAL: 581 VS 588 PREVIOUS
#OOTT | US Baker Hughes Rig Count: 581 (prev 588) - Rotary Gas Rigs: 97 (prev 98) - Rotary Oil Rigs: 479 (prev 485)
US BAKER HUGHES OIL RIG COUNT ACTUAL 479 (FORECAST -, PREVIOUS 485) $MACRO
US BAKER HUGHES TOTAL RIG COUNT ACTUAL 581 (FORECAST -, PREVIOUS 588) $MACRO
US oil rig count continues to fall according to the weekly Baker Hughes data. At least for now, a peak is in for US oil production. https://t.co/yv8WwuNW1d