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

The number of total oil and gas drilling rigs in the US fell for the seventh consecutive week, down by 4 to 555 to the lowest count since November 2021, Baker Hughes reported.

The number of rigs drilling for crude oil fell by three to 439 rigs, the lowest level since October 2021 and down 49 rigs or 10% from 488 the previous June. The number of rigs drilling for natural gas ...