US LOSES OIL RIGS
The US drilling rig count plunged 98 units to settle at 1,358 rigs working during the week ended Feb. 13, Baker Hughes Inc. reported.
That total is the lowest since Feb. 26, 2010, and 406 fewer units compared with this week a year ago. The count has now fallen 11 consecutive weeks, losing 562 units during that time, of which 519 were targeting oil.
During the week, land rigs plunged 99 units to 1,298, while rigs drilling in inland water edged down a unit to 8. Offshore rigs, meanwhile, increased 2 units to 52.
Oil rigs lost 84 units to 1,056.…
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South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.
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BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.