US Oil Drilling Surges

摘要

The number of rigs searching for oil in the US exceeded 1,000 for the first time in more than two decades recently, underscoring the effects of high crude oil prices, weak US gas prices, and a slowdown in permitting in the federal waters of the Gulf of Mexico. Baker Hughes data shows the US oil rig count rose from an average of 793 in January to 979 in June - a gain of 186 rigs or 23% in just six months.