AI Summary
The number of oil drilling rigs worldwide fell by 164 units year-on-year (YoY) in October to 1,800, marking a monthly decrease of 12 rigs compared to the previous month, data from the oilfield services company Baker Hughes showed.
The Middle East rig count declined by 6 units to 505 in October compared with the previous month.
Meanwhile, the number of oil and gas rigs worldwide – excluding the US and Canada – dropped by 25 units to 1,059 in October, down by 101 YoY.
|
Change in Oil and Gas Rig Count |
|||||
|
Region |
A Year Ago |
Previous Month |
Current Month |
MoM Change |
YoY Change |
|
Middle East |
552 |
511 |
505 |
(6) |
(47) |
|
Global (excl. North America) |
1160 |
1084 |
1059 |
(25) |
(101) |
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