US Baker Hughes Total Rigs Count (Jan/09) 542 (Prev. 546)
Newsquawk Staff ·
US Baker Hughes Total Rigs Count (Jan/09) 542 (Prev. 546)
What it means
The Baker Hughes total rigs count shows a slight decline to 542 from the previous 546, indicating a modest pullback in U.S. drilling activity. This decrease could signal a potential slowdown in production capacity, which might influence supply dynamics and pricing in the energy market. Market participants should consider this trend in the context of overall demand and energy policy implications.
Related headlines
- China (Sep) outstanding individual mortgage loans -4.1% Y/Y; outstanding property loans -5.2% Y/YOct 28
- BoJ Core CPI YY (Sep) 3.2% (Prev. 2.6%)Oct 27
- Chinese Industrial Profits (Sep YY) 14.4% (Prev. 4.2%)Oct 27
- China YTD Fiscal Revenues (Sep) +5.1% (prev. +5.7%)Oct 23
- China M2 Money Supply (Sept): 7.2% Y/Y (exp. 7.4%)Oct 14
- Chinese Yuan-Denominated Exports YY (Sep) 29.6% (Prev. 18.6%)Oct 14
- South Korean October 1st-10th Exports rose by 102% YY, Imports rose 65.5% YY, while Trade Balance was at a provisional surplus of USD 3.8blnOct 12
- New Zealand 2025/26 Budget Deficit was at NZD 8.67blnOct 08
- Swedish Core CPIF (Sep MM) 0.1% (exp. 0.3%), Y/Y 0.5% (exp. 0.7%) Oct 07
- Chinese Gold Reserves End-Sept. (USD) 323.5bln (prev. 350.1bln), 77.5mln fine troy ounces (prev. 76.7mln)Oct 07
- Chinese FX Reserves End-Sept. (USD) 3.40tln (prev. 3.44tln)Oct 07
- Australian Westpac Consumer Confidence Index (Oct) 80.4 (Prev. 84.4)Oct 05
- Indian Manufacturin PMI (Aug) 55.1 (Prelim. 55.6)Oct 01
- US Market Wrap: NDX briefly enters correction as weak tech earnings spark AI routOct 30
- CRUDE WRAP: WTI (Z6) SETTLES USD 2.12 HIGHER AT 104.12/BBL; BRENT (F7) SETTLES USD 2.63 HIGHER AT 113.43/BBLOct 30