Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 13, to 266, suggesting that the slide in the number of active rigs is not yet over.
The total oil and gas rigs is now sitting at 701 fewer than this time last year.
The number of active rigs in the United States has continued to decline over the last fifteen weeks.
The number of oil rigs decreased for the week by 10 rigs, according to Baker Hughes data, bringing the total to 189compared to 789 active rigs this time last year.
