Rig recovery

SPECULATION of concrete moves by OPEC to cut oil production appears to have had an immediate impact on the US, with drillers putting more rigs in the field at the fastest rate for two years, continuing a recovery that began in May.

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Baker Hughes says the US rig count ticked up to 522 last week, before OPEC and Russia had even met, and while that figure is still down from last year's count of 809, it means US shale producers are

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