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Commodity News

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(12 May 2025, 08:57)

Energy Preview: US oil and gas rig count falls, says Baker Hughes


The total number of active drilling rigs for oil and gas in the United States slipped in the week ended May 9, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week. The total rig count in the US fell by 6 to 578 rigs, according to Baker Hughes, down 25 from this same time last year. The number of oil rigs fell by 5 to 474 after falling by 4 during the previous week—and down by 22 compared to this time last year. The number of gas rigs stayed the same this week at 101 for a loss of 2 active gas rigs from this time last year. Miscellaneous rigs lost a rig for the second week in a row and now stand at 3.

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