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U.S. drillers this week cut most oil rigs since April

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Christian Fernsby ▼ | March 20, 2020
U.S. energy firms cut the most oil rigs in a week in almost a year mostly in the Permian basin, the country’s biggest oilfield.
Permian basin
Oil industry   Permian basin

Topics: U.S. oil Drillers cut 19 oil rigs in the week to March 20, the deepest weekly cut since April 2019, bringing the total count down to 664, the lowest since January, Baker Hughes said.