US oil rig count declines for 8th straight week, says Baker Hughes

20/06/2025 Argaam Exclusive

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A new Baker Hughes report showed a decline in the US oil rig count for the eighth consecutive week — a signal of potentially lower crude supply from the US.

 

The number of US oil rigs decreased by one in the week ended June 20 to 438.

 

Similarly, the number of natural gas rigs declined by two to 111, but remained higher year-on-year by 13.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 485 439 438 (1) (47)
Gas 98 113 111 (2) 13
Oil & Gas 583 552 549 (3) (34)

Changes in the number of platforms - USA


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