U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo
The oil and gas rig count, an early indicator of future output, fell by two to 603 in the week to May 10, the lowest since January 2022. , ,Baker Hughes said oil rigs fell three to 496 this week, their lowest since November, while gas rigs rose one to 103.
REPI:EXPLORATION-PRODUCTION REPI:GAS MTGFX REP AMCRU CMPNY COM CRU DRIL DRV ENER ENFF ENG ENQSVC ENR EXPRO NGS NRG OILG OILQ OILQ1 PROD PUBL PWR SHL USCRU AMERS NAMERE US NAMER AMERSE REPI:FUEL-OIL REPI:TRANSPORT-FUELS CDTY RIG/U ENERGY
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