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U.S. drillers leave oil rig count unchanged

Staff Writer |
U.S. energy companies this week added no oil rigs as the rate of growth has slowed over the past month or so with a decline in crude prices from late May through late June.

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Oil rigs remained steady at 863 in the week to July 13, General Electric’s Baker said.

The U.S. rig count, an early indicator of future output, is higher than a year ago when 765 rigs were active as energy companies have ramped up production in anticipation of higher prices in 2018 than previous years.

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