U.S. Oil Drilling Slow Down Continues ...Middle East

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U.S. Oil Drilling Slow Down Continues
The total number of total active drilling rigs in the United States fell by 5 this week, according to new data from Baker Hughes published Friday, falling by more than 70 rigs over the last two months. The total rig count fell to 682 this week—71 rigs below this time last year. The current count is 393 fewer rigs than the rig count at the beginning of 2019, prior to the pandemic. The number of oil rigs declined by 6 this week to 546, while the number of gas rigs stayed the same, at 130. Gas rigs are now 27 below where they were a year ago,…

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