Baker Hughes US Oil Rig Count Sees Increment: Implications for Energy Sector

Friday, 5 April 2024, 17:02

The latest data shows a increase in Baker Hughes US Oil Rig Count by 2, with gas rigs experiencing a decline as well. This development may signal a shift in the energy market landscape, raising questions about the future trajectory of oil production and prices.

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Rise in Baker Hughes US Oil Rig Count

This article highlights the increase in Baker Hughes US oil rig count by 2 units

Oil rigs: 508 compared to 506 previously
Gas rigs: 110 compared to 112 previously

I wouldn't be surprised to see oil rigs start to creep up

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.