US Baker Hughes Oil Rig Count (Apr/24) 407

The US Baker Hughes Oil Rig Count shows a total of 407 active rigs, which may suggest trends in production capacity or exploration activity.

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White House Press Secretary Leavitt says Witkoff and Kushner are heading to Paksitan on Saturday morning for IRan talks; Iran reached out and asked for in-person meeting, hopes talks are productive; Vance remains deeply involved but is standing by in US

Baker Hughes Rig Count (24/Apr): Total Rig Count 544 (prev. 543), Oil Rigs 407 (prev. 410), Gas Rigs 129 (prev. 125)

US Baker Hughes Oil Rig Count (Apr/24) 407

Iran's Foreign Minister Araghchi is travelling to Islamabad to deliver Tehran's response to a US peace deal proposal, NYT reports

Pakistani journalist Mallick says the visit of the Iran Foreign Minister to Pakistan will not be brief, contrary to reports; adds the Minister arrives later tonight

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Context

Traders should analyze this count in relation to previous figures to gauge momentum in U.S. oil production and assess its implications for supply dynamics and pricing, particularly in the context of current demand conditions.

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