Active units there increased by one this week to 493, the most since January 2015. The total rig count in the US rose to 888 in the week ended 16 November, the highest level since March 2015, with 25 rigs added this quarter, according to a report by Baker Hughes. In Europe, oil prices fell below $45 per barrel for the first time on Monday after OPEC and non-Opec producers failed to agree an output cut deal.
The total rig count in the US rose to 888 in the week ended 16 November, the highest level since March 2015, with 25 rigs added this quarter, according to a report by Baker Hughes. In Europe, oil prices fell below $45 per barrel for the first time on Monday after OPEC and non-Opec producers failed to agree an output cut deal.