You are here

Fall in US rig count points to tough 2015

Oil explorers' promise to curb spending, continued decline in oil price have led to more rigs being idled

BT_20150107_RIGS7_1443085.jpg
The rig count fell by 93 in the three months through Dec 26, and lost another 17 last week, Baker Hughes data show. About 200 more will be idled over the next quarter, according to Moody's Corp.

San Francisco

US OIL drillers laid down the most rigs in the fourth quarter since 2009. And things are about to get much worse.

The rig count fell by 93 in the three months through Dec 26, and lost another 17 last week, Baker Hughes Inc data show. About 200 more will be idled over

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom