Saudi gas rigs drop sharply
International drilling activity continued to decline last month, the second straight month of decreasing rig counts, according to Baker Hughes International Rig Count.

A net eight rigs shut down in June, meaning there are now 959 rigs drilling internationally. 959 operating rigs is the lowest international activity level since last December, and is in line with the activity seen at this point last year.

The decrease was primarily driven by the Middle East, where nine rigs shut down. Like in most months, the sh...

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