*Leaving aside Venezuela, which had just two active rigs as of May (only one for oil), down from 25 at the start of the year, the country that has seen the biggest proportional fall in drilling this year is of course the USA.
*From 677 active oil rigs at the start of 2020, the US rig count has fallen 70% to just 206 as of 5 June, a new record low in Baker Hughes data since 2010 and down a further 16 from a week earlier (MEES, 5 June). (CONTINUED - 177 WORDS)
