The markets reacted apathetically to Baker Hughes US
Crude Oil Drilling Rig Count., UP 5 to 820 Rigs, Most Since March 2015 suggesting that the primary focus is falling on Iran sanctions while declining production is overshadowing the Rig count in Venezuela and Angola.
Kuwait
Oil Co. will soon offer contracts for offshore
rigs and support services to
drill its first undersea wells as the Persian Gulf nation tries to boost
crude output to Continue Reading