US Baker Hughes Total Rigs Count (Apr/17) 543

The Baker Hughes total rigs count data shows a figure of 543 for April 17, which is indicative of drilling activity in the U.S.

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IEA Birol says It will take about two years to recover the energy output lost in the Middle East from the ‌conflict there, via Amena Bakr citing an interview with NZZ newspaper

Baker Hughes Rig Count: Oil -1 at 410, Nat Gas -2 at 125, Total -2 at 543

US Baker Hughes Total Rigs Count (Apr/17) 543

Iran Foreign Ministry Spox says Aragchi's tweet was within the framework of the ceasefire agreement of April 10, We do not have a new understanding; traffic in the Strait of Hormuz is carried out based on the agreement reached on April 10; via Fars News

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This count can signal shifts in supply dynamics for oil, affecting prices and overall market sentiment, especially given current global demand considerations. Pay attention to whether this number aligns with recent trends in rig counts, as it may have implications for production levels and hence for energy markets.

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