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Article Summary
- Despite market uncertainty, US drilling activity remains stagnant
- Oil prices continue to fluctuate due to global economic conditions
- US shale producers are facing financial difficulties
- OPEC+ production cuts are impacting global oil markets
- The future of US drilling activity remains uncertain Tone: Neutral
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U.S. Drilling Activity Still Unmoved Amid Market Uncertainty
The total number of active drilling rigs for oil and gas in the United States saw no change again this week, according to new data that Baker Hughes published on Friday, after holding steady in the week prior. The total rig count stayed at 585, according to Baker Hughes, down more than 5% from this same time last year. The number of oil rigs stayed the same this week at 479down by 15 compared t...
https://oilprice.com/Energy/Crude-Oil/US-Drilling-...
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