Baker Hughes Rig Count (24/Apr): Total Rig Count 544 (prev. 543), Oil Rigs 407 (prev. 410), Gas Rigs 129 (prev. 125)
The latest Baker Hughes rig count shows a slight increase in the total rig count, but a decline in oil rigs suggests a potential softening in oil production capacity.
Al-Arabiya sources says Iran urges Pakistan to support lifting the US embargo to advance negotiations
White House Press Secretary Leavitt says Witkoff and Kushner are heading to Paksitan on Saturday morning for IRan talks; Iran reached out and asked for in-person meeting, hopes talks are productive; Vance remains deeply involved but is standing by in US
Baker Hughes Rig Count (24/Apr): Total Rig Count 544 (prev. 543), Oil Rigs 407 (prev. 410), Gas Rigs 129 (prev. 125)
Newsquawk Weekly US Earnings Estimates - 27th April-1st May 2026: Plethora of earnings with 5 of the Mag-7 reporting after-hours
US Baker Hughes Oil Rig Count (Apr/24) 407
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This mixed data may impact WTI prices as the market assesses the balance between a stable total rig count and the decrease in active oil rigs, which could indicate a cautious outlook on oil supply.
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