Open Demo Account
Home / Market Update / Commodities / US adds new oil drilling rigs

US adds new oil drilling rigs

Mohamed Abdelhamid 16 July, 2022 1:12 am Commodities, Market Update

Active drilling rigs in the US rose by 4 to 756, the highest since March 2020 and 56% more than a year ago, according to the latest weekly survey from Baker Hughes.

Drilling rigs targeting crude oil gained 2 to 599, also the most since 2020, and gas rigs were unchanged at 153, while 4 rigs were classified as miscellaneous.

Tags

Check Also

Bitcoin Rebounds on Softer U.S. Inflation, Fed Rate Cut Hopes

Bitcoin regained upward momentum on Wednesday, buoyed by softer-than-expected U.S. inflation data and improved sentiment …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends