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Baker Hughes announces April 2020 rig counts

May, 01 2020
watermark Economic news

According to Baker Hughes, an American oil and gas service company, the number of oil and gas drilling rigs around the world fell in April in monthly terms by 450 units, to 1,514, or 23%. In annual terms, the number of operating rigs decreased by 626, or 29.2%.


In the USA, according to the company, the indicator in monthly terms decreased by 206, or 26.7%, and amounted to 566, in Canada – by 100, or four times, up to 33 units.


The number of drilling rigs in Europe decreased by 11 (-8.9%) to 112. In the Middle East, the total number of rigs decreased by eight (-1.9%) and amounted to 420. In the Asia-Pacific region (APR), the number of rigs decreased by 40 (-17%), to 191, in Africa – decreased by five, or 4.6%, to 103. In Latin America, the indicator fell by 80 (-47.3%), to 89 installations.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.