Scores of drilling rigs idled as downturn gains momentum
Scores of drilling rigs idled as downturn gains momentum
The oil industry’s meltdown is accelerating as explorers shut down scores of drilling rigs across the U.S. in response to cratering crude prices and expanding supply gluts.
Oil companies idled 40 rigs this week, twice the pace of last week’s reduction and the steepest contraction since April 2015, according to dat...
