Total number of oil rigs in the United States as of the week ending May 16

Famous oil services company Baker Hughes announced the Total number of oil rigs in the United States as of the week ending May 16 on 2025-05-16. The reported figure stands at 473Mouth, with the prior figure recorded as 474Mouth.

Regarding the Total number of oil rigs in the United States as of the week ending May 16, Data <expected, bullish for oil prices, generally bullish for the dollar, The weekly changes in the number of oil drilling rigs in various regions of North America have been measured. The fluctuations in the number of oil drilling rigs affect the market's reaction to the global crude oil supply situation. If the number of oil drilling rigs increases, it will raise market concerns about an oversupply, leading to a drop in oil prices; conversely, if the number decreases, oil prices will rise.

This data holds an importance level of , calculated using Statistics on oil drilling activities in the United States and Canada are conducted weekly by Baker Hughes, and updates Announced every Saturday. The next release is set for 2025-05-24 01:00:00.

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