US drilling rises for the first time in three months
Published: Tuesday, 25 August 2020
The number of active drilling rigs in the United States rose for the first time in three months, according to data from oilfield services company Baker Hughes.
Drilling activity has been under pressure both from the
effects of the Covid-19 pandemic and weakening oil demand,
which is bearish for oilfield mineral demand. A recovery in
drilling could drive better demand for these...