US Drillers Add Oil Rigs As Analysts Warn of Incoming Glut ...Middle East

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US Drillers Add Oil Rigs As Analysts Warn of Incoming Glut
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The total number of active drilling rigs for oil and gas in the United States fell by 1 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US  to 548 this week, according to Baker Hughes, down 41 from this same time last year. The number of active oil rigs rose by 1 in the reporting period, according to the data, after US drillers added 6 rigs in the week prior. Oil rigs are now at 414, which is 68 below this same time last year. The number of gas rigs fell by 2 to 127, which is 24 more…

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