MNI BRIEF: Aussie Monthly CPI At 4%, Higher Than Expected

MNI: PBOC Net Drains CNY28 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY250 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1248 Weds; -0.56% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1248 WEDS VS 7.1225

MNI BRIEF: China To Empower AI For Economic Growth - Li Qiang

Monthly CPI Firmer In Y/Y Terms, Core Measure Mixed

Australia May CPI +4.0%; Housing Price +5.2%

MNI: AUSTRALIA MONTHLY MAY CPI 0.2% MM, 4.1% YY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

US Oil and Gas Rigs Down 6 on Week to 594: Baker Hughes

ENERGY
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletBaker Hughes A Market News

US total oil and gas rig count fell by 6 on the week at 594 rigs, according to Baker Hughes, hitting a new low not seen since Jan 2022.

  • This puts total US oil and gas rigs down by 101 rigs, or 14.5%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 492 (-4) -down 64 rigs, or 11.5% on the year
  • Gas: 98 (-2) – down 37 rigs, or 27.4% on the year. This is the lowest since Oct. 2021
  • Miscellaneous: 4 (=) – stable on the year
  • Canada: 143 (+15) –up 7 rigs on the year
102 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 fell by 6 on the week at 594 rigs, according to Baker Hughes, hitting a new low not seen since Jan 2022.

  • This puts total US oil and gas rigs down by 101 rigs, or 14.5%, on the year.
  • See breakdown by type and week on week change:
  • Oil: 492 (-4) -down 64 rigs, or 11.5% on the year
  • Gas: 98 (-2) – down 37 rigs, or 27.4% on the year. This is the lowest since Oct. 2021
  • Miscellaneous: 4 (=) – stable on the year
  • Canada: 143 (+15) –up 7 rigs on the year