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(Reuters) U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, fell by seven to 622 in the week to March 8, the lowest since Feb. 16. putting the total rig count down 124 rigs, or 16.6%, below this time last year.
Baker Hughes said U.S. oil rigs fell two to 504 this week, their lowest since Feb. 23, while gas rigs fell four to 115, their biggest drop since November.
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Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
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Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
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by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
⛔️ Financing from the six largest Wall Street banks for oil, gas, and coal...
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