Small Decline Stops US Oil Drilling Uptrend

摘要

US energy firms reduced the number of oil rigs operating for the first time in four weeks as some companies expect output growth from shale formations to slow as producers cut spending on new drilling for a second consecutive year in 2020. Drillers cut one oil rig in the week ended Feb. 28, bringing the total count down to 678, energy services firm Baker Hughes said in its closely followed report on Friday.