US Oil Rigs Rise to 2M High

The number of active oil drilling rigs in the United States rose this week for the first time in four weeks. data released by Baker Hughes showed.

Oil rigs count in the week ending 12 October rose by 8 to a total of 869. recording the biggest increase since mid-August.

In the same period last year. rig count stood at 743 rigs. which shows the continuous rise in American crude production.

About core

Check Also

Libya Records Biggest Monthly Increase in Oil Supplies in Africa

Libya recorded the biggest monthly increase in oil production in Africa, surpassing Nigeria, the continent’s …

Leave a Reply

Your email address will not be published. Required fields are marked *