Baker Hughes rig count: Total unch at 588, oil +3 at 454, nat gas -3 at 124
Fed Cook's lawyer says there is no valid cause for removing Cook; will challenge the latest pretext and preserve Cook's position and role at the Fed
Houthis says have struck Saudi-backed forces, depots, and military equipment with central Yemen, Marib
Baker Hughes rig count: Total unch at 588, oil +3 at 454, nat gas -3 at 124
Russian sanctions bill said to be on track to pass the Senate vote
US President Donald Trump is moving forward with his attempt to remove Lisa Cook from the Federal Reserve over unproven allegations of mortgage fraud, ABC reports, citing sources
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.
The weekly rig count is a lagging-to-coincident supply indicator rather than a price catalyst, and an unchanged total with a small rotation from gas to oil fits the established pattern of count stability at low drilling prices: producers in past episodes of this kind have held activity flat until the commodity deck justifies incremental capital. The split between the two basins is the useful read: oil-directed rigs edging up while gas-directed rigs edge down is consistent with operators steering capex toward the better-margin product, a rotation that has recurred whenever the oil-gas price ratio widens. Rig counts have historically led Lower 48 supply with a multi-quarter lag, so the transmission channel runs through future production expectations rather than near-term balances, and single-week moves of this size sit well within normal revision noise. The tells that have mattered in comparable episodes are persistence across several weeks, the trajectory of the Permian and Haynesville sub-counts, and whether completions activity (frac spreads, DUC drawdown) corroborates the drilling signal. Watch next week's print for whether the rotation extends; the count only reprices crude or gas forward curves when it signals a sustained trend against consensus supply assumptions.
Related headlines
- Moscow oil refinery has halted operations after Ukrainian drone attack on September 20th, according to reports15 hours ago
- Saudi's Aramco has reportedly told Asian refiners that they will be able to pick up oil from Yanbu soon, Bloomberg reports citing sources30 min ago
- Libya's Sharara oil field has seen production fall by more than half to about 127k bpd after an armed group shut the pipeline to the Zawiya export terminal7 hours ago
- CRUDE WRAP: WTI (X6) SETTLES USD 3.71 LOWER AT USD 92.37/BBL; BRENT (Z6) SETTLES USD 3.05 LOWER AT USD 96.24/BBL12 hours ago
- Israeli security source says the situation with Iran is sensitive and unstable, adding that the Iranians do not appear ready to back down and the situation could spiral out of control, according to Tasnim citing Israel’s Channel 1246 min ago
- [UPDATED] UN General Assembly Schedule: Focus on US-China trade relations and US-Gulf leaders meeting1 hour ago
- PRE-MARKET INDIAN STOCKS NEWS: Mastercard Asia Pacific may reportedly sell up to 49.7mln shares in Pine Labs (PINELABS IS)3 hours ago
- Newsquawk Daily Asia-Pac Opening News - 22nd September 20268 hours ago
- European Market Wrap - 21st September 202616 hours ago
- Houthi leader says the Saudi government is subordinate to the US, UK and Israel, and accuses Saudi Arabia of committing war crimes during the conflict in Yemen, Fars reports17 hours ago
- Ukrainian President Zelensky says there is dialogue with US President Trump and the US to end the conflict, solutions are possible and will be discussed on the sidelines of the UN General Assembly17 hours ago
- US President Trump proposes USD 5bln to kickstart an investment fund to rebuild Gulf energy sites, reports WSJ11 hours ago
- Newsquawk Daily European Equity Opening News - 22nd September 20261 hour ago
- RBNZ Governor Breman says recent increases in global oil prices and longer term interest rates reflect challenging environment3 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks took impetus from the gains on Wall St where the Nasdaq rallied and notched a record close on a surge in Meta and with AMD joining the USD 1tln market cap club3 hours ago
- [MARKET ANALYSIS] T-note futures paused after gaining yesterday as oil declined, while price action is contained as overnight cash treasuries trade is shut again due to the Tokyo holiday4 hours ago
- RBNZ Governor Breman says near-term inflation expected to be somewhat higher if elevated oil prices persist, adds remains focused on inflation outlook ahead of the October policy decision4 hours ago
- [MARKET ANALYSIS] Oil futures rebounded from the prior day's trough but with upside capped in the absence of any major geopolitical escalation and ahead of the UN General Assembly4 hours ago
- PRE-MARKET CHINESE STOCKS NEWS: US and China are working on an agreement to establish a hotline over AI5 hours ago
- French President Macron said he held a constructive discussion with US President Trump regarding the Red Sea and Ukraine7 hours ago
The whole workspace, free to try.
Try it free