2020-03-16 10:00:00
U.S. RIGS DOWN 1 TO 792
![U.S. RIGS DOWN 1 TO 792](/cache/03-20/RIG-160.0b12654e.jpg)
BAKER HUGHES - U.S. Rig Count is down 1 rig from last week to 792, with oil rigs up 1 to 683, gas rigs down 2 to 107, and miscellaneous rigs unchanged at 2.
U.S. Rig Count is down 234 rigs from last year's count of 1,026, with oil rigs down 150, gas rigs down 86, and miscellaneous rigs up 2 to 2.
The U.S. Offshore Rig Count is down 4 to 19 and down 3 year-over-year.
Canada Rig Count is down 28 rigs from last week to 175, with oil rigs down 19 to 115 and gas rigs down 9 to 60.
Canada Rig Count is up 14 rigs from last year's count of 161, with oil rigs up 17 and gas rigs down 3.
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Earlier:
![U.S. RIGS DOWN 1 TO 792](/cache/03-20/PRICE-198.50ed98be.jpg)
2020, March, 13, 12:30:00
U.S. STOCK INDEXES DOWN
The benchmark S&P 500 and the Nasdaq have lost over a quarter of their value since reaching record closing highs just 16 sessions ago, as nations around the world grapple with how to contain the fast-moving coronavirus and its economic effects.
![U.S. RIGS DOWN 1 TO 792](/cache/03-20/PRICE-196.0c3c42d0.jpg)
2020, March, 13, 12:25:00
U.S. ENERGY BONDS: $110 BLN
The falls in the bonds come in the wake of the failure of Opec and Russia late last week to agree a deal on cutting production,
![U.S. RIGS DOWN 1 TO 792](/cache/03-20/SECHIN-1.8cb6a421.jpg)
2020, March, 13, 12:20:00
RUSSIA FOR U.S. SHALE: $570 BLN
Moscow’s decision to withdraw last week from a pact with Saudi Arabia to limit crude production, sparking an oil war that sent prices crashing 30 per cent on Monday, upending global markets.
![U.S. RIGS DOWN 1 TO 792](/cache/03-20/SANCTIONS-67.e0d3f52e.jpg)
2020, March, 13, 12:15:00
U.S. SANCTIONS FOR RUSSIA
Rosneft Trading and TNK Trading handled a "large percentage" of Venezuela's oil exports in 2019
![U.S. RIGS DOWN 1 TO 792](/cache/03-20/PRICE-181.c8d09555.jpg)
2020, March, 11, 12:15:00
U.S. OIL DOWN
U.S. shale companies need prices at least in the low $40s to cover costs,
![U.S. RIGS DOWN 1 TO 792](/cache/03-20/RIG-158.865eec48.jpg)
2020, March, 9, 14:20:00
U.S. RIGS UP 3 TO 793
U.S. Rig Count is up 3 rigs from last week to 793, Canada Rig Count is down 37 rigs from last week to 203.
![U.S. RIGS DOWN 1 TO 792](/cache/03-20/USA-95.fd62ef17.jpg)
2020, March, 6, 12:30:00
U.S. OIL EXPORTS +45%
U.S. crude oil exports averaged 2.98 million barrels per day (b/d) in 2019,