US rig count falls by 48

The number of rigs drilling for oil and gas in the US fell at a slower but still significant rate this week as the effect of lower upstream investments amid low oil prices continued to be felt.

Shedding rigs: US operators lay down another 48 units
Shedding rigs: US operators lay down another 48 units
Published 20 February 2015, 19:03Updated 17 October 2016, 13:08