US Baker Hughes Weekly Oil Rig Count Shows Decline of 2 Rigs

Friday, 8 March 2024, 18:06

The latest data on the US Baker Hughes weekly oil rig count reveals a decrease of 2 rigs, bringing the total count to 504. Additionally, the number of natural gas rigs has dropped by 4 to 115. This decline in rig counts may signal changes in the energy sector, impacting both the oil and natural gas markets. Investors and stakeholders are likely to monitor these developments closely for potential market implications.
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US Baker Hughes Weekly Oil Rig Count Shows Decline of 2 Rigs

US Baker Hughes Weekly Oil Rig Count Update

The US Baker Hughes weekly oil rig count has seen a decrease of 2 rigs, resulting in a total count of 504. Alongside this, the number of natural gas rigs has also dropped by 4 to 115. The natty bulls will be happy to see rigs falling.


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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