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    Home > Chemicals Industry > Petrochemical News > U.S. oil rig count hits biggest weekly drop since June 2020

    U.S. oil rig count hits biggest weekly drop since June 2020

    • Last Update: 2021-09-12
    • Source: Internet
    • Author: User
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    Foreign News reported on September 3 that the number of oil and natural gas rigs for US energy companies dropped for the first time in five weeks this week.
    The number of oil rigs hit the biggest weekly drop since June 2020, affected by Hurricane Ada
    .


    US oil service company Baker Hughes said in a closely watched report on Friday that as of the week of September 3, the number of US oil and gas rigs, the leading indicator of future production, decreased by 11 to 497
    .


    However, the total number of rigs is still 241 more than the same period last year, or 94%
    .


    This week, the number of oil rigs in the United States decreased by 16 to 394, the largest weekly decline since June last year; the number of natural gas rigs increased by 5 to 102, the largest weekly increase since May
    .


    US crude oil futures fell on Friday, trading at around US$69.
    70 per barrel
    .
    Previously released data showed that the increase in non-agricultural jobs in the United States was much lower than expected, making the demand outlook clouded.
    However, the outlook for global demand is brighter, and the impact of Hurricane Ida has not yet dissipated, limiting the decline in oil prices
    .


    U.
    S.
    Gulf of Mexico energy companies continued to promote the resumption of production after Hurricane Ida on Friday.
    However, due to problems such as personnel and power shortages, some companies have not progressed well in resuming production
    .


      After companies have completed their post-hurricane assessments, ports and some pipelines have been restarted
    .
    However, larger facilities serving oil producers and refiners are still more difficult to restore
    .


      Five days after the hurricane hit the offshore oil and gas platform, three-quarters of the platform's personnel from the previously evacuated platform still have not returned to work
    .

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