Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 1. Canada’s overall rig count fell this week by 4 to just 13 active rigs. Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 1, to 265, suggesting that while the number of active rigs in the United States continues to decline, it is doing so at a slower rate than in previous weeks. The total oil and gas rigs is now sitting at 702 fewer than this time last year. The number of active rigs in the United States has continued to decline over the last sixteen weeks. The number of oil rigs decreased for the week by 1 rig, according to Baker Hughes data, bringing the total to 188—compared to 793 active rigs this […]