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US Oil Rig Count Notches Longest Streak Without Drop Since 2022

Bloomberg Markets Friday 17 July 2026, 18:30 UTC By Emma Sanchez 1 min read
Key Points

Commodities US Oil Rig Count Notches Longest Streak Without Drop Since 2022 Drilling in the US oil patch achieved the longest stretch without a decrease in activity in more than four years, supporting shale’s expansion amid higher prices driven by the Iran war. The number of US rigs drilling for crude rose by seven to 452 this week, the 12th straight week without declines.

Commodities US Oil Rig Count Notches Longest Streak Without Drop Since 2022 Drilling in the US oil patch achieved the longest stretch without a decrease in activity in more than four years, supporting shale’s expansion amid higher prices driven by the Iran war. The number of US rigs drilling for crude rose by seven to 452 this week, the 12th straight week without declines. That’s the longest such span since January 2022, according to data released by Baker Hughes Co. on Friday.
US Oil Rig Count (ORG) US (LOCATION) the Iran war (EVENT) Baker Hughes Co. (ORG)
Originally published by Bloomberg Markets Read original →

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