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Baker Hughes says US oil rig count declines for 5th week
30/05/2025
Argaam Exclusive
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The US drilling rig count decreased for the fifth consecutive week, signaling a potential tightening of future supplies of oil in the world’s largest economy, according to Baker Hughes.
The US oil rig count declined by four to 461 units in the week ended May 30.
On the other hand, the gas rig count increased by one to 99 in the same week.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 496 | 465 | 461 | (4) | (35) |
| Gas | 100 | 98 | 99 | 1+ | (1) |
| Oil & Gas | 596 | 563 | 560 | (3) | (36) |
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