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

ReutersMar 27, 2026 5:08 PM

March 27 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes BKR.O said on Friday.

The oil and gas rig count, an early indicator of future output, fell by nine to 543 in the week to March 27, the lowest since the week of January 16.

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