U.S. Rig Count Rises To 16-Month High ...Middle East

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U.S. Rig Count Rises To 16-Month High
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The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes—after rising by 3 last week. The total rig count is now 500, up 256 from the same time last year—the highest rig count since April 2020, but still down sharply from the 790 active rigs prior to the pandemic. The U.S. oil rig count rose by 10 this week to 397, while the number of gas rigs fell by 1. Miscellaneous rigs held at zero. The EIA’s estimate for oil production in the United States for the week ending August 6 rose by…

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