Tag: Baker Hughes Rig Count
Rising US output keeps a lid on oil prices gains
Oil prices mixed with Brent down slightly, WTI up Oil prices were mixed on Friday and sat below two-year highs as rising US output overshadowed the outage of a North Sea crude pipeline and the OPEC supply cut deal. By 1:00 p.m. EST, Brent crude futures were down 4 cents to $63.27/barrel and US WTI […]
US oil rig count rises to highest since October 2015 -Baker Hughes
Rig count up to 583 Feb 3 (Reuters) – U.S. energy companies added oil rigs for a 13th week in the last 14, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November. Drillers added 17 oil […]
US rig count down this week, up marginally in Canada
US rig count at 809 according to Baker Hughes Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the US is down this week, while there is a marginal uptick in the number of rigs in Canada. In the US, the rig count is at 809 […]
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