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U.S. oil and gas rig count falls to record low for 14th week

Christian Fernsby ▼ | August 7, 2020
U.S. energy firms cut the number of oil and natural gas rigs this week to a record low for a 14th week.
Oil field
U.S.   Oil field
The U.S. oil and gas rig count, an early indicator of future output, fell by four to an all time low of 247 in the week to Aug. 7, according to Baker Hughes.

Topics: U.S. oil

That was 687 rigs, or 74%, below this time last year.