The number of rigs actively drilling for oil in the US fell by four to 759 in the week ended 25 August, according to data from Baker Hughes. That's the first drop in two months following a 23-week streak of 23 additions that was the longest in 30 years. There are now 759 active rigs, compared with 316 in May 2016.
The number of rigs actively drilling for oil in the US fell by four to 759 in the week ended 25 August, according to data from Baker Hughes. That's the fifth drop in two months following a 23-week streak of 23 additions that was the longest in 30 years. There are now 759 active rigs, compared with 316 in May 2016.