Trade Resources Industry Trends Rig Count Fell in Both Canada and The US

Rig Count Fell in Both Canada and The US

Baker Hughes reported Friday that for the week ending April 19, the US rig count fell by 13 to 1,758, following a 33-rig increase a week ago. During the week, the oil rig count fell by 16 to 1,371 while the gas-directed rig count was up two to 379.

Meanwhile, Canada's rig count fell another 30 to 126, following a 50-rig decrease the previous week and a 40-rig drop the week prior.

Source: http://www.steelorbis.com/steel-news/latest-news/rig-count-slumps-in-us-and-canada-754192.htm
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Rig Count Slumps in US and Canada
Topics: Metallurgy