Baker Hughes Rig Count: Oil +5 at 415, Nat Gas -1 at 418, Total +3 at 551

The Baker Hughes Rig Count shows a slight increase in oil rigs, which could indicate a modest uptick in production capacity; however, the decrease in natural gas rigs suggests a potential tightening in supply.

Newsquawk StaffPublished 15 May 2026, 17:21 UTCOn the live feed at 17:01 UTC — 4 more headlines followed before this page went public

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17:03

Israeli sources to the Broadcasting Authority, say we are preparing for the possibility of resuming fighting against Iran, Al Arabiya reports

17:02

US President Trump to Fox, says talked to China's President Xi about Kimmy Lai and about two other people; Xi's reponse to Jimmy Lai was not positive

17:01

Baker Hughes Rig Count: Oil +5 at 415, Nat Gas -1 at 418, Total +3 at 551

16:49

Israel will accept a ceasefire in exchange for a genuine commitment from Hezbollah, according to Al Arabiya citing sources

16:21

Final bids in for Estée Lauder (EL) Cos.’ Smashbox, Too Faced and Dr. Jart, WWD reports citing sources; This comes as merger talks continue between Puig and the Estée Lauder Cos.

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Context

Given the overall total rig count is up by only three, the implications for commodities markets may be muted, but it could reflect a cautious sentiment among drillers in response to current pricing and demand dynamics.

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