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

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US Oil Drillers Continue to Back Off On 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 Thursday, following a 7-rig decrease in the week prior. The total rig count in the US fell by 8 to 539 rigs, according to Baker Hughes, down 46 from this same time last year. The number of oil rigs fell by 7 to 425 after falling by 6 during the previous week—and down by 54 compared to this time last year. The number of gas rigs fell by 1 this week, to 108 for a gain of 7 active gas rigs…

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