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Business & Economics

US drillers add oil and gas rigs for third week in a row - Baker Hughes

Reuters
Summary
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81% Informative

U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023 .

The oil and gas rig count, an early indicator of future output, rose by two to 588 in the week to February 14 .

Despite this week 's rig increase, Baker Hughes said the total count was still down 33 rigs, or 5% below this time last year .

VR Score

92

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98

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76

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formal

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English

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42

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short-lived

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