Baker Hughes US oil rig count falls to the lowest since December 2021- Oil -6 to 478
- Gas -1 to 97
- Total 581
US production is much higher than 2021/22 because of much longer laterals an efficiency but there is a limit and this argues that production could slump by year end.
This article was written by Adam Button at www.forexlive.com.
Source: Baker Hughes US oil rig count falls to the lowest since December 2021 (https://www.forexlive.com/news/baker-hughes-us-oil-right-count-falls-to-the-lowest-since-december-2021-20240628/)
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