Baker Hughes Rig Count: Oil +2 at 410, Natgas -1 at 129, Total +1 at 548

The latest Baker Hughes rig count indicates a slight uptick in oil rigs, which could suggest a modest increase in future supply.

Newsquawk StaffPublished 8 May 2026, 17:22 UTCOn the live feed at 17:02 UTC — 6 more headlines followed before this page went public

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Baker Hughes Rig Count: Oil +2 at 410, Natgas -1 at 129, Total +1 at 548

17:01

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Context

However, the drop in natural gas rigs may point to a tightening market for gas supplies. Overall, these movements could influence short-term energy prices, particularly for WTI and natural gas.

Energy · last 90 days

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