UPDATE 1-U.S. oil & gas rig count plunges to record low for 2nd week -Baker Hughes
May 15, 2020 at 13:34 PM EDT
U.S. energy firms cut number of U.S. oil and natural gas rigs operating to an all-time low for a second week in a row as producers slash spending on new drilling after oil prices collapsed due to a slump in demand caused by global lockdowns to stop the coronavirus pandemic.