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US drilling rigs witnessed a decline, with Baker Hughes reporting a total decrease of 160 rigs in 2023, despite crude oil production levels maintaining a post-pandemic high.
The total number of active drilling rigs in the United States fell by 7 this week, after falling 11 last week to a low not seen since February 2022
The total number of active drilling rigs in the United States fell by 11 this week, after seeing a brief 9-rig rise last week
The total number of active drilling rigs in the United States rose by 9 this week as WTI soared to $90 per barrel
Oil prices are set to climb even further this week due to supply disruptions in Syria and the expectation of further crude inventory draws in the U.S.