Weekly Decline in US Drilling Rig Count Signals Slumping Trend

Friday, 5 April 2024, 18:10

The latest Baker Hughes report reveals a two-month low in the US drilling rig count, with a third consecutive weekly decline. While crude oil rigs increased by 2, gas rigs saw a decrease of 2, highlighting a shift in the energy sector.
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Weekly Decline in US Drilling Rig Count Signals Slumping Trend

US Drilling Rig Count Update

The recent Baker Hughes report indicates a concerning trend in the US drilling rig count, showing a dip to a two-month low. The decline has been consistent for three consecutive weeks, with notable changes in both crude oil and gas rigs.

Latest Figures

  • Crude Oil Rigs: Increased by 2
  • Gas Rigs: Decreased by 2

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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