US drilling activity hits three-year high

Published: Monday, 09 April 2018

The US rig count, a key proxy for oilfield mineral demand, is soaring, while activity elsewhere appear to remain stagnant.

New drilling and oilfield activity remains heavily concentrated in the US, while activity elsewhere is moribund, according to recently released data.

The weekly US rig count data from oilfield services company Baker Hughes shows the number of active drilling rigs in the week to April 6 was at 1,003, up 10...

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