Rystad Energy: Covid-19 causes largest-ever horizontal rig count fall in US
The total horizontal oil rig count fell below 270 rigs last week, a 57% decline from the peak of 624 rigs seen in the middle of March 2020.
Special reports - 12 May 2020
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Oil rises on promise of more production cuts
Oil prices rose this morning as Saudi Arabia’s move, accompanied by Kuwait and the UAE, to expand production cuts boosted the market’s confidence.