Page 26 - Rig Count News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The number of total active drilling rigs in the United States rose by 7 this week, after an increase of 3 rigs in the week prior

More Top Reads From Oilprice.com: Norway Raises Gas Output As Europe Scrambles For Non-Russian Supply JPMorgan: Immediate EU Ban On Russian Oil Could Send Prices To $185 Yellen Warns EU About Banning Russian Oil

In this article reprinted from May 2020, Jim Puplava explained the difficulty OPEC nations face in producing more oil and why investors should position for a coming energy shock...

It's a lot more to do with what's going on in china, shutdown in shanghai, reducing manufacturing, i get that, but it's been a consistent trend of late. i don't want to get ahead of ourselves here. what do you make of that in the backdrop that this could be occurring at a time prices are going down? >> well, to our credit, you know, industry has done everything we possibly can despite the federal obstacles to get as many rigs back up in the air, and we have seen the rig count increase steadily week over week. our production is up 60% over where it was last year at this time. that's encouraging...

The number of total active drilling rigs in the United States rose by 4 this week, after a sizable increase of 16 rigs in the week prior