Baker Hughes Rig Count: Oil +2 at 411, Nat gas +3 at 130, Total +5 at 548

The Baker Hughes rig count data indicating a slight increase in both oil and natural gas rigs suggests a modest uptick in exploration activity, which could signal confidence in near-term price stability or recovery in the energy sector.

Newsquawk StaffPublished 2 Apr 2026, 17:20 UTCOn the live feed at 17:00 UTC — 6 more headlines followed before this page went public

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17:09

Russia's Ushakov says Strait of Hormuz is open for Russia, Interfax reports

17:07

Amazon (AMZN) adding 3.5% fuel and logistics surcharge for sellers; fuel surcharge fees take effect on April 17th for customers of the company’s fulfillment by Amazon service

17:00

Baker Hughes Rig Count: Oil +2 at 411, Nat gas +3 at 130, Total +5 at 548

16:57

On Friday at 11:30 local time (08:30GMT/03:30EDT) there will be a cabinet meeting in Israel

16:52

US President Trump fires AG Bondi and reportedly eyes Lee Zeldin, according to Fox News

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Context

However, the numbers remain within typical ranges, implying that this increase may not significantly affect supply dynamics or market sentiment. Traders should consider if this trend aligns with broader supply-demand fundamentals and any upcoming inventory reports.

Energy · last 90 days

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