COVID-19: US rig count breaks record low of 400: record low since 1968
COVID-19:
Crude Oil / Natural Gas Development: Rig Count
In the US, the number of operating rigs for crude oil and natural gas development reached 374 last weekend.
It is the lowest ever since the current statistics began in 1968.
New Corona:
The latest bottom is 404 units in May 2016.
Energy demand significantly decreased due to the spread of virus infection.
It was 796 at the beginning of January this year, but decreased by 354 in the last month.
Energy demand:
It has decreased to less than half of the beginning of the year.
Oil well tube mills in the United States are successively implementing production adjustments and inventory reductions due to layoffs.
(Steel newspaper)
https://headlines.yahoo.co.jp/hl?a=20200512-00010001-tekkou-ind
Baker Hughes Crude Oil Rigs | 1987-2020 Data | 2021-2022 Forecast | Calendar
https://tradingeconomics.com/united-states/crude-oil-rigs
Chart: Western Rig Count As of May 8, 2020 | Hart Energy