POST Online Media Lite Edition


U.S. drillers this week cut most oil rigs since April

Christian Fernsby |
U.S. energy firms cut the most oil rigs in a week in almost a year mostly in the Permian basin, the country’s biggest oilfield.

Article continues below

Topics: U.S.    OIL   

Drillers cut 19 oil rigs in the week to March 20, the deepest weekly cut since April 2019, bringing the total count down to 664, the lowest since January, Baker Hughes said.

What to read next

US oil rig down to lowest since June 2011
Oil rigs count increased to reach 357
Number of active U.S. oil drilling rigs declines this week