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U.S. Rig Count Drops to Lowest Level in Two Years

2015-01-26 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Fuel Fix: Crude oil producers set aside another 49 oil rigs over the last week and brought the number of rigs looking for oil to its lowest level in two years, according to oil service company Baker Hughes weekly count. The total number of onshore and offshore rigs pursuing oil and gas fell by 43 to 1,633. Rigs after oil fell by 49 to 1,317, and rigs pursuing natural gas rose by six to 316. Offshore rigs were unchanged from last week at 54. Since last summer, crude price have collapsed to less than...

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