Baker Hughes: Stability in the number of U.S. oil drilling rigs this week.

Data released by American energy company Baker Hughes on Friday showed that the total number of U.S. drilling rigs remained stable in the week ending December 20 at 483 rigs.

This came after the number of crude oil drilling rigs in the United States rose to 483 rigs last week; however, the number of rigs used for extracting oil declined by 17 rigs compared to the same week last year.

At the same time, the number of natural gas drilling rigs this week remained stable at 102 rigs, but it has fallen by 18 rigs year-on-year, compared to the same week of last year.

Baker Hughes' report noted that the total number of rigs used in the energy sector for the extraction of gas and oil during this week reached 589 rigs, which is 33 rigs lower than the same period last year.

It is worth mentioning that American companies have tried to increase drilling rigs for crude oil and natural gas in an attempt to take advantage of current crude oil price levels and the market equilibrium in light of the commitment to the OPEC+ agreement to reduce global crude oil supplies, which boosts the profits of shale oil companies and encourages them to gradually increase drilling rigs.

Baker Hughes is a global industrial services company and one of the largest energy services companies in the world, providing the oil and gas industry with products and services for drilling wells, production, and reservoir consulting.