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Oil Drilling Drops to 15-Year Low With Shale in Full Retreat Due to ‘Worldwide Lockdowns’

https://www.msn.com/en-us/finance/markets/oil-drilling-drops-to-15-year-low-with-shale-in-full-retreat/ar-BB17Hunz (Bloomberg) — Drillers cut exploration in U.S. oil fields to a 15-year low as billions of barrels from old discoveries became worthless and explorers¬†abandoned growth plans. The number of active oil rigs in the U.S. fell by four to 176, the lowest since 2005, according to Baker Hughes Co. data released Friday. Energy companies […]