The global oil rig count fell by 91 units year-on-year to 1,791 in March, data from Baker Hughes showed.
The oilfield services firm also reported a decline in rigs across both the Middle East and North America.
Oil Gas Rigs
Region
A year earlier
Dec. 2024
Jan. 2025
MoM Change
YoY Change
Middle East
535
538
500
(38)
(35)
Total (excluding North America)
1,095
1,112
1,058
(54)
(37)
The global oil rig count fell by 91 units year-on-year to 1,791 in March, data from Baker Hughes showed.
The oilfield services firm also reported a decline in rigs across both the Middle East and North America.
Oil Gas Rigs
Region
A year earlier
Dec. 2024
Jan. 2025
MoM Change
YoY Change
Middle East
535
538
500
(38)
(35)
Total (excluding North America)
1,095
1,112
1,058
(54)
(37)
