Baker Hughes Rig Count: Oil -1 at 408, Nat gas +1 at 130, Total +3 at 547

The Baker Hughes rig count shows a slight decrease in oil rigs, which could suggest a moderation in U.S.

Newsquawk StaffPublished On the live feed at 2 more headlines followed before this page went public
Newsquawk headlinesUTC

Iran's Rahimi to Al-Mayadeen, says the negotiations were not conducted by telephone as Trump claims, but rather through the Pakistani mediator and sometimes through an exchange of messages with Iran's FM Araqchi

NY Fed RRP op demand at 0.607bln (prev. 8.261bln) across 5 counterparties (prev. 12)

Baker Hughes Rig Count: Oil -1 at 408, Nat gas +1 at 130, Total +3 at 547

US Baker Hughes Total Rigs Count (May/01) 547

Andy Burnham has plan to return to Westminster 'within weeks', according to Guardian citing allies

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
Context

oil production activity. The increase in natural gas rigs may indicate confidence in that market despite current price pressures. Overall, while the modest net increase in total rigs reflects some stability, it’s essential to watch for the impact on supply dynamics and oil prices moving forward.

Related headlines

The whole workspace, free to try.

Try it free