Baker Hughes Rig Count: Oil unchanged at 409, Natgas unchanged at 133, Total unchanged at 551
The Baker Hughes Rig Count report showing no change in oil and natural gas rigs suggests stable production levels in the current environment.
Hungary will reportedly block a EUR 90bln loan to Ukraine until oil flow resumes, according to reports
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Baker Hughes Rig Count: Oil unchanged at 409, Natgas unchanged at 133, Total unchanged at 551
US Baker Hughes Total Rigs Count (Feb/20) 551 (Prev. 551)
US Baker Hughes Oil Rig Count (Feb/20) 409 (Prev. 409)
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This stagnation may imply a balance in supply and demand, which could limit volatility in oil prices, particularly amid ongoing geopolitical concerns and fluctuating global demand for energy.
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