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Baker Hughes oil rigs down to 506 vs 511 last week
Added at 1:16pm
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Baker Hughes: US oil rig count down by 5 to 506
The number of oil rigs in the United States stood at 506 in the week ending April 26, decreasing by five compared to the previous week, according to the Baker Hughes weekly rig count released on Friday. On an annual basis, the number of oil rigs dropped by 85. The US gas rig count fell by one to 106 during the same week, while it fell by 56 compared to last year. The total number of rigs in the country currently stands at 613, down by 6 from last week and tumbling by 142 from the previous year. In Canada, the number of rigs decreased by 9 to 118 on a weekly basis. The number of oil rigs in Canada declined by four to ... (full story)