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Reuters

Reuters

Business

Business & Economics

US oil and gas rig count falls to lowest since Dec 2021, Baker Hughes says

Reuters
Summary
Nutrition label

81% Informative

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021 .

Baker Hughes said this week 's decline puts the total rig count down 45 , or 7% below this time last year .

The oil and gas rig count is an early indicator of future output.

VR Score

94

Informative language

98

Neutral language

95

Article tone

formal

Language

English

Language complexity

35

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

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short-lived

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