Producer Prices Plateau Producer prices for oil and gas drilling services remained flat in December compared to a year ago after posting a previous flat December-versus-December annual comparison, according to the latest US Bureau of Labor Statistics

Rising Producer PricesProducer prices for oil and gas drilling services rose 3.3% in July compared to a year ago after rising 5.1% in the previous July-versus-July annual comparison, according to the latest US Bureau of Labor Statistics

Declining Rig Count Sapping Demand For ServicesA declining rig count, consolidation in the energy sector, and weak natural gas prices are sapping demand for oil field services in the nation's oil patch, The Wall Street Journal reports.

Prices Flat Amid Rising Labor CostsThe Producer Price Index for oil and gas well drilling services was relatively flat in March compared to a year ago (down 0.3%) after rising 9.2% in the previous annual comparison, according