Oil Rigs Decline for Seventeenth Straight Week [Chart]


For the 17th straight week, the amount of operational oil rigs has declined in the United States to 802. This is now over a 50% decline since last October, and the last time we had a rig figure this low was the week ending March 4, 2011.

Oil Rigs Decline for Seventeenth Straight Week

Infographic source: Visual Capitalist

Notes From Schwarzman, Sternlicht, Robert Smith, Mary Callahan Erdoes, Joseph Tsai And Much More From The 2020 Delivering Alpha Conference

Stephen SchwarzmanThe following are rough notes of Stephen Schwarzman, Steve Mnuchin, and Barry Sternlicht's interview from our coverage of the 2020 CNBC Institutional Investor Delivering Alpha Conference. We are posting much more over the next few hours stay tuned. Q2 2020 hedge fund letters, conferences and more One of the most influential investor conferences every year, Read More