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KM Financial Solutions | U.S. oil drillers cut rigs for 2nd week in three -Baker Hughes
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U.S. oil drillers cut rigs for 2nd week in three -Baker Hughes

18 Jan U.S. oil drillers cut rigs for 2nd week in three -Baker Hughes

Posted at 18:04h in News by
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Jan 19 (Reuters) – U.S. energy companies this week cut oil
rigs for the second time in three weeks even though crude prices
traded near their highest level since 2014.
Drillers cut five oil rigs in the week to Jan. 19, bringing
the total count down to 747, General Electric Co’s Baker
Hughes energy services firm said in its closely followed report
on Friday.
The U.S. rig count, an early indicator of future output, is
much higher than a year ago when o

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