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KM Financial Solutions | U.S. drillers add oil rigs for 7th week in eight -Baker Hughes
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U.S. drillers add oil rigs for 7th week in eight -Baker Hughes

15 Mar U.S. drillers add oil rigs for 7th week in eight -Baker Hughes

Posted at 17:08h in News by
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March 16 (Reuters) – U.S. energy companies added oil rigs
for the seventh time in the last eight weeks on expectations
crude prices in 2018 will top 2017, prompting more drillers to
boost spending plans for this year.
Drillers added four oil rigs in the week to March 16,
bringing the total count to 800, General Electric Co’s
Baker Hughes energy services firm said in its closely followed
report on Friday.
The U.S. rig count, an early indicator of future o

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