Weekly U.S. Oil Rig Count Shows Modest Increase

In the week ending April 25, the United States saw a slight uptick in its oil rig count, reaching 483, an increase of two from the previous week. This data, released by Baker Hughes on Friday, also highlights a significant annual decrease of 23 rigs.

Gas Rig Count and Total Rigs Overview

The gas rig count in the U.S. experienced a minor rise, adding one to total 99 for the reported week. However, compared to the same period last year, there's a decrease of six. Currently, the total number of rigs across the country stands at 587, showing a weekly increase of two but an annual decline of 26.

Canadian Rig Count Trends

Canada's rig count tells a different story, with a weekly decrease of six, bringing the total to 128. Specifically, oil rigs in Canada dropped by six to 81, while the number of gas rigs remained steady at 47, unchanged from the previous week.