U.S. oil rigs fell by the smallest number in 15 weeks, a potential sign that America’s oil-drilling crash may be tapering. Drillers idled 12 oil rigs (excluding gas rigs), dropping the number to 813, Baker Hughes reported on Friday.  The rig count has dropped 49 percent since October, an unprecedented retreat, as the drop in oil prices has made production less profitable. The median forecast from a Bloomberg survey of 10 #RigCountGuesses on Twitter was for a decline of 39. But production isn’t slowing yet, and new efficiencies in U.S. drilling and pumping may make raw numbers of rigs in the field misleading. The U.S. will pump 9.3 million barrels a day this year, the most since 1972, despite the fewest rigs in the field in almost four years, according to the Energy Information Administration.  http://www.bloomberg.com/graphics/2015-oil-rigs/embed.html?title=1 U.S. oil in storage is at a record, and production is at its highest level since […]

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