Mumbai, July 6 -- Baker Hughes reported the US oil rig count rose to 445 for the week ending July 2, up five from 440, marking a modest uptick reported Friday while remaining well below the 2019 peak of 800 rigs and the 2023 average of 620. The total US active oil rig count increased by 5 to reach 445. The overall U.S. drilling rig count-which includes 126 gas rigs and 9 miscellaneous rigs-rose by 7 to a total of 580.
Published by HT Digital Content Services with permission from Capital Market....