International Rig Count is up in all regions except the Middle East

Baker Hughes issued their international rig count data, here is the breakdown:

The international rig count for June is 824, up 7 units from the count in May and up 66 units from the 758 counted in June 2021.

Latin America is up 5 units to 160 from the May count of 155 and is up 17 units year over year.

The Asia-Pacific region is up 3 units to a total of 196 and is up 13 units from its year-ago average of 183.

Africa is up 2 units to a total of 78 from the May count of 76 units and up 13 units from its June 2021 average of 65.

Europe is up 8 units to a total of 87 from the May count of 79 units, and down 18 units year-over-year.

The Middle East is down 11 units to a total of 303 from the May count of 314 units, and up 41 units year-over-year.

Source: Baker

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