U.S. Active Crude Oil, Natural Gas Rigs Hit Record Low: EIA
U.S. active crude oil and natural gas rigs dropped to their lowest number in over three decades, according to a May 20 report from the U.S. Energy Information Administration. The number of rigs declined sharply to 339 on May 12, a 56 percent decline since March 17, due to an unprecedented drop in petroleum demand…...