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Baker Hughes US oil rig count falls to the lowest since December 2021

Started by forex4you, Jun 29, 2024, 08:27 pm

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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

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