MNI BRIEF: Cuts Should Be Timely But Cautious - Buba's Nagel

MNI BRIEF: ECB Policy Decisions Based On Broad Analysis- Lane

MNI BRIEF: Less Than Half Canada Firms See Inflation Obstacle

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

MNI: BELGIUM NOV BNB BUSINESS SURVEY -11.1

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ENERGY: US Oil and Gas Rigs Down 2 on Week to 583: Baker Hughes

ENERGY
Energy BulletsBulletCommodities

US total oil and gas rig count was down 2 on the week to 583 rigs, according to Baker Hughes. This is the fourth consecutive week of declines and the lowest since June 28.

  • This puts total US oil and gas rigs down by 48 rigs, or 7.6%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 483 (=) -down 29 rigs, or 5.7% on the year.
  • Gas: 95 (-2) – down 19 rigs, or 16.7% on the year
  • Miscellaneous: 5 (=) – stable on year
  • Canada: 220 (+1) – up 33 rigs on the year
94 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

US total oil and gas rig count was down 2 on the week to 583 rigs, according to Baker Hughes. This is the fourth consecutive week of declines and the lowest since June 28.

  • This puts total US oil and gas rigs down by 48 rigs, or 7.6%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 483 (=) -down 29 rigs, or 5.7% on the year.
  • Gas: 95 (-2) – down 19 rigs, or 16.7% on the year
  • Miscellaneous: 5 (=) – stable on year
  • Canada: 220 (+1) – up 33 rigs on the year