Baker Hughes reported another dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 5 rigs , according to the report, with the number of oil rigs decreasing by 4, and the number of gas rigs decreasing by 1. The oil and gas rig count now stands at 1,047—up 107 from this time last year. Canada, for its part, gained 12 oil rigs for the week—after last week’s gain of 21 oil and gas rigs. Despite weeks of significant gains, Canada’s oil and gas rig count is still down by 17 year over year. Oil benchmarks were up again on Friday afternoon as the market braced for the impact of multiple supply disruptions—or possible supply disruptions, rather—in Libya, Iran, Venezuela, and Canada. While oil supply disruptions in Libya, Canada, and Venezuela are already underway and expected to be […]