Oil, Gas Rigs Still Near 3-Year Low Despite Weekly Bump ...Middle East

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Oil, Gas Rigs Still Near 3-Year Low Despite Weekly Bump
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The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count in the US fell by 1 rig, landing at 539, according to Baker Hughes, down 49 from this same time last year. The previous rig count, at 538, is the lowest point since December 2021. The number of oil rigs, however, rose by 1 to 411, although year over year this represents a 74-rig decline. The number of gas rigs fell by 1 this week, coming in at 123 for a gain of 26 active gas…

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