US Rig Count Soars Most In 10 Months As Production Hits Record High


US rig counts rose by 12 in the last week – the biggest rise since March 2017 – as the lagged crude price is sparking more drilling and in turn sending production surging to a new record high… just shy of Saudi Arabia!

US crude production surged back from its weather-impacted plunge to a new record high last week…

And is set to overtake Saudi Arabia very soon…

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