US drillers cut oil and gas rigs for sixth week in a row, Baker Hughes says

ReutersJun 6, 2025 5:07 PM

By Scott DiSavino

June 6 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.

The oil and gas rig count, an early indicator of future output, fell by four to 559 in the week to June 6, the lowest since November 2021. RIG-USA-BHI, RIG-OL-USA-BHI, RIG-GS-USA-BHI

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Anthropic IPO 2026: What the Claude Mythos Release Delay Means for Investors and Stock Valuation

Anthropic has delayed the launch of its new AI model, Claude Mythos, projecting a responsible image but potentially weighing on its IPO process.

Anthropic Moving Toward AI Chips for Claude—Is Nvidia Still a Buy in 2026?

TradingKey - Anthropic is considering making its own AI chips to help resolve issues with capacity and give Anthropic more influence over costs and timing of compute for Claude. This is happening around the same time that Amazon is reportedly looking at potentially selling more of its internal chips

Intel Stock's Rare Surge: What’s Driving the Rally and Is It Worth Buying in 2026?

TradingKey - Intel Corporation (INTC) is a designer and manufacturer of central processing units (CPUs), system on chip (SoC) designs, and areas of application/numerous other compute solutions for manufacturers and operators of personal computing devices (PC), cloud service providers (CSP), governme

Big Short Burry’s Precise Strike, Trump Personally Saves the Day, Can Palantir’s Stock Price Hold Steady?

TradingKey - Palantir (PLTR) is currently embroiled in an intense bull-bear debate. While renowned short-seller Michael Burry’s high-profile bearish stance has sparked market volatility, former U.S. President Donald Trump has personally voiced his support, further escalating the controversy surrounding the company’s valuation and future competitiveness.

What is the CLARITY Act? 2026 Guide to US Crypto Regulation and Stablecoin Yield Rules

The CLARITY Act is no longer just a "stand-alone bill"; it is the barometer for the future of American financial innovation. While the "smart money" is betting on a breakthrough this April, the path to the President's desk remains a "brutal slog." For the crypto industry, the next six weeks will det

Featured Tools