High number of oil rigs operating in America during the current week

High number of oil rigs operating in America during the current week

Washington _ Agencies

The US oil services company  "Baker Hughes " released Friday showed that the number of oil rigs operating in the United States this week has risen for the second time in the past three weeks.

During the current week, the number of pallets increased by 7, to 867, the largest weekly increase in a month, according to the company.

The number of active oil extraction platforms is an early indication of the future production level. The number of pallets during the current week is sharply higher than during the same period last year when 749 platforms were registered, with oil prices rising since late this year, encouraging oil companies to increase their production capacity.

At the same time, the number of operating platforms revolves around 860 platforms since the beginning of June last June due to the decline in crude oil prices in the region of "Bermian " West Texas and in East New Mexico due to the lack of pipeline networks from the production areas to refineries outside the region.