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US oil, gas rig count falls six to 674 on week, lowest since November 2021

December 29, 2023 Comments Off

The US oil and natural gas rig count fell six to 674 for the week ended Dec. 20, S&P Global Commodity Insights data showed, again hitting a 25-month low as analysts appear to be taking a wait-and-see attitude to activity expectations for the new year. The last time the total rig count was this low was mid-November 2021, an analysis…