Baker Hughes: US oil rig count down by two to 484 - Breaking The News

Baker Hughes: US oil rig count down by two to 484

28 March

1 min read

EPA-EFE/CARINA JOHANSEN

The number of oil rigs in the United States decreased by two to reach 484 in the week ending March 28, according to the Baker Hughes weekly rig count released on Friday. The rig count declined by 22 year-on-year.

The country's gas rig count climbed by one to 103 in the reported week, dropping by nine from the same period in 2024. The total number of rigs in the US stood at 592, dipping by one from the previous week and slipping by 29 from the same period in the previous year.

In Canada, the total number of rigs dipped by 17 from the previous week to reach 163. The number of oil rigs in the country was down by 10 to reach 108, while the number of gas rigs in Canada decreased by seven from the week prior to stand at 54.

rig count oil data baker hughes

German manufacturing activity climbs in March

24 minutes ago

The activity in Germany's manufacturing sector accelerated in March, reaching a 31-month high, with the Purchasing Managers' Index (PMI) coming in at 48.3, S&P Global and Hamburg Commercial Bank (HCOB) revealed in its report on Tuesday.The Manufacturing PMI Output Index surged to 52.1, its highest in three years, driven by a rebound in new orders and stronger domestic sales. Growth was led by intermediate goods producers, while output remained flat...

Euro area manufacturing activity up in March

26 minutes ago

The Eurozone's manufacturing sector remained in contraction in March, although activity improved, according to the latest report by S&P Global and the Hamburg Commercial Bank (HCOB) on Tuesday.The manufacturing Purchasing Managers' Index (PMI) rose to 48.6 from 47.6 in February, reaching its highest point in 26 months. Production levels increased for the first time since March 2023. Job cuts cooled from February's four-and-a-half-year record and...

UK annual house price growth up to 3.9% in March

2 hours ago

The prices of houses in the United Kingdom rose by 3.9% on an annual basis in March, according to the Nationwide House Price Index published on Tuesday. The figure stayed steady from February when the annual house price growth also stood at 3.9%.On a monthly basis, the index remained unchanged on a seasonally adjusted basis, while the average house price in the UK reached £271,316 in the reported month, increasing from £270,493 in February."These...

China's manufacturing PMI rises to 51.2 in March

7 hours ago

The Caixin China General Manufacturing Purchasing Managers' Index (PMI) came in above the neutral 50 mark in March, landing at a four-month high of 51.2 against last month's figure of 50.8, S&P Global said in its report on Tuesday. The result beat expectations and marked the sixth successive month in which the index came above the neutral 50 mark. "Overall, in March, supply and demand kept expanding, and export growth continued. Employment...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.