Colombia’s Oil Industry Is Showing Signs Of Recovery

While the August 2020 global rig count remains significantly lower than for the same period last year, because of oil’s protracted price slump, Colombia’s economically crucial petroleum industry appears to be recovering. Baker Hughes reported on Friday that there were seven active rigs in the strife-torn Latin American country, all of the oil rigs with no active natural gas rigs. This is the third straight month where the volume of operational rigs has increased, although it is still less than a third of what it was for the same month…