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Report: American oil companies reduced the number of platforms for the seventh week
10/17/2015
Agencies - data showed on Friday that US energy companies reduced the number of oil rigs operating in this week for the seventh consecutive week, the longest wave of cuts since June, a sign that the continued decline in crude prices push companies to reduce drilling plans.
She said Baker Hughes oil services company in its report, which widely watched wide drilling firms stopped ten platforms work per week, which ends on 16 October to decrease the total number of platforms to 595 - the lowest since July 2010 after shrinking number by 70 in the weeks the previous six.
The number of platforms in the corresponding week of last year 1590 operating platform.
The decline in US futures price of crude oil to $ 47 on average this week from $ 48 in the past week in volatile trading moved mostly by buying and selling on technical grounds.
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