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Drilling activity posted its first decline in six weeks during the first week of March. Oilfield services firm Baker Hughes ...

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The US drilling rig count dropped 1 unit to reach 592 rigs working for the week, according to Baker Hughes data.

Baker Hughes, a leading energy services company, said that the U.S. oil and gas companies have cut back on the number of oil rigs for the first six weeks.

The number of active rigs drilling for oil and gas in the U.S. fell by 1 to 592, following five straight weekly gains, Baker Hughes said Friday in its latest report. Drilling rigs targeting crude oil ...