US Baker Hughes Oil Rig Count (Jan/30) 411 vs. Exp. 412 (Prev. 411)
Newsquawk Staff ·
US Baker Hughes Oil Rig Count (Jan/30) 411 vs. Exp. 412 (Prev. 411)
What it means
The Baker Hughes Oil Rig Count coming in at 411, just below the expected 412, suggests a flat activity level compared to the previous week. While this small miss may not signal significant changes in supply dynamics, it does highlight a potential stagnation in drilling activity, which could have implications for future oil production levels and hence WTI prices.
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-16
- The Yemeni Armed Forces reportedly attack vital facilities in the southern region of Saudi Arabia, reports Sabereen News
Related headlines
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.37 LOWER AT 96.09/BBL5 days ago
- ECB’s Sleijpen says the Iran shock is more persistent than earlier thought but we don’t really see second-round effects yet5 days ago
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist5 days ago
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources5 days ago
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA5 days ago
- US military threats against Iran are hindering progress in the conflict resolution process, according to an Iranian political source cited by RIA Novosti5 days ago
- Iranian Foreign Ministry Spokesperson says "Past experiences preclude any optimism regarding Washington's seriousness in diplomacy"5 days ago
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources5 days ago
- Spokesperson for the Iranian negotiating delegation says that "we continue to exchange messages through intermediaries", Al Hadath reports5 days ago
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus5 days ago
- Venezuela's October oil exports 1.08mln bpd, almost unchanged, according to shipping data5 days ago
- i24 journalist Stein says "Iran rejects the American proposal"5 days ago
- Axios' Ravid on Iran's Secretary of the Supreme State Razaei comments, says he rejects the latest US position on the deal to resume the ceasefire and launch negotiations5 days ago
- A senior source tells Al Arabiya that the US has informed the Qatari mediator of its approval of the submitted proposal; the mediators are awaiting Iran's response to the proposal after receiving it yesterday.5 days ago
- Iran has updated its list of targets for retaliatory attacks in response to potential US strikes, RIA sources say5 days ago