U.S., Canadian Rig Count Rise ...Middle East

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U.S., Canadian Rig Count Rise
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The number of oil and gas rigs in the United States rose by 3 this week, according to Baker Hughes—after falling by 3 last week. a The total rig count is now 491, up 244 from the same time last year, but down sharply from the 790 active rigs prior to the pandemic. The U.S. oil rig count rose by 2 this week to 387, while the number of gas rigs stayed the same. Miscellaneous rigs rose by 1. The EIA’s estimate for oil production in the United States for the week ending July 30 stayed the same, for an average of 11.2 million barrels per…

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