Mumbai, April 14 -- The US energy firms have cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes said on Friday. The oil and gas rig count, an early indicator of future output, dipped by seven to 583 in the week to April 11, the biggest weekly decline since June 2024. Baker Hughes said this decline puts the total rig count down 34 rigs, or 6% below this time last year. Baker Hughes said oil rigs fell by nine to 480 this week, while gas rigs rose by one to 97.
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