US Baker Hughes Total Rigs Count (Mar/20) 552 (Prev. 553)
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Brazil new finance minister Durigan will reportedly delay divisive tax plans ahead of election, according to source reports
Baker Hughes Rig Count: Oil +2 at 414, Natgas -2 at 131, Total -1 at 552
US Baker Hughes Total Rigs Count (Mar/20) 552 (Prev. 553)
Brazil President Lula says they will buy back refinery in the Bahia state; it may take a while, but they will
Naftogaz says Russia attacked oil and gas facilities in Ukraine's Poltava and Sumy region
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Context
The slight decrease in the Baker Hughes total rigs count from 553 to 552 suggests a marginal pullback in drilling activity in the U.S. This data is indicative of the overall health of the energy sector and can have implications for future supply dynamics, particularly if the trend continues, potentially impacting oil prices and related assets.
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