The number of oil rigs worldwide declined by 107 year-on-year (YoY) in June, reaching a total of 1,600, recent data from the oilfield services company Baker Hughes showed.
However, the count rose by 24 rigs compared to the previous month.
The number of rigs in the Middle East increased month-on-month (MoM) to 339 in June, but it declined three units YoY.
Excluding the US and Canada, the number of global oil and gas rigs rose to 913 in June MoM, but it was down 44 YoY.
Change in Oil, Gas Rig Count
Region
One Year Ago
Previous Month
Current Month
MoM
YoY
Middle East
342
327
339
12
(3)
Global (excl. North America)
957
886
913
27
(44)
The number of oil rigs worldwide declined by 107 year-on-year (YoY) in June, reaching a total of 1,600, recent data from the oilfield services company Baker Hughes showed.
However, the count rose by 24 rigs compared to the previous month.
The number of rigs in the Middle East increased month-on-month (MoM) to 339 in June, but it declined three units YoY.
Excluding the US and Canada, the number of global oil and gas rigs rose to 913 in June MoM, but it was down 44 YoY.
Change in Oil, Gas Rig Count
Region
One Year Ago
Previous Month
Current Month
MoM
YoY
Middle East
342
327
339
12
(3)
Global (excl. North America)
957
886
913
27
(44)
