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Baker Hughes US oil rig count -4

2024-12-30FOREXLIVEFOREXLIVE
Weekly US oil and gas drilling rigs
baker hughes
  • Oil -4 to 488
  • Natural gas unchanged at 98

Oil drilling rigs have steadily declined in the past year, though that's offset somewhat by longer laterals. It bodes poorly for US production growth late this year and into 2025.

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