US Oil Drillers Continue to Back Off On Extended Price Slump ...Middle East

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US Oil Drillers Continue to Back Off On Extended Price Slump
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The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease last week, and a 3-rig decrease the week before that. The total rig count in the US fell by 4 to 555 rigs, according to Baker Hughes, down 35 from this same time last year. The number of oil rigs fell by 3 to 439 after falling by  9 during the previous week—and down by 49 compared to this time last year. The number of gas rigs fell by 1 this week,…

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