Baker Hughes week US oil rig count unchanged | Forexlive

• 525 oil rigs vs 525 previously
• Natural gas rigs 123 vs 128 prior

Oil rigs have been steadily falling this year but US fields have kept up productivity by tapping DUCs. I don’t know how much longer that can last. Gas prices have struggled but there was talk we would be under $1 by now and Henry Hub is at $2.73 as we inch closer to drawdown season.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• ChartPrime. Elevate your Trading Game with ChartPrime. Access Here.
• BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
• Source: https://www.forexlive.com/news/baker-hughes-week-us-oil-rig-count-unchanged-20230811/