US Oil Rig Count Stalls While Output Breaks New Record ...Middle East

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US Oil Rig Count Stalls While Output Breaks New Record
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose this week to 548, according to Baker Hughes, down 37 from this same time last year. The number of active oil stayed the same in the reporting period, according to the data, at 418. Year over year, this represents a 64-rig decline. The number of gas rigs rose by 1 to 121 active rigs, which is 22 over this time last year. The miscellaneous rig count stayed the…

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