Breaking News

U.S. Baker Hughes Oil Rig Count

Latest Release

Nov 22, 2023

Actual

500

Importance:

Country:

Currency: USD

Source: Baker Hughes

Release Date	Time	Actual	Previous
Dec 08, 2023	19:00
Dec 01, 2023	19:00		500
Nov 22, 2023	19:00	500	500
Nov 17, 2023	19:00	500	494
Nov 10, 2023	19:00	494	496
Nov 03, 2023	18:00	496	504

News

Oil prices rise as producers confirm output cuts; China data deluge due By Investing.com - Nov 07, 2023

Investing.com -- Oil prices rose Monday, rebounding after last week’s hefty losses on the expectation of a tight supply situation for the rest of the year after a couple of major producers reaffirmed...

Oil prices steadied ahead of global inflation, PMI data By Investing.com - Sep 25, 2023

Investing.com -- Oil prices stabilized Monday as investors balanced off concerns about a hit to U.S. economic activity following last week’s Federal Reserve meeting with a tight supply outlook. By...

Oil prices climb sharply as Russian export ban adds to supply worries By Investing.com - Sep 22, 2023

Investing.com -- Oil prices rose Friday as a Russian fuel export ban added to ongoing worries about the tight nature of global supply. By 09:25 ET (13.25 GMT), the U.S. crude futures traded 1.6%...

Analysis

Oil: Bull Case Limited in Near Term, OPEC Scaremongering Infinite By Barani Krishnan - Oct 13, 2023

New China data brings back old worry about economy in top oil importer 2024 oil demand likely lower than thought, says IEA, disputing OPEC’s outlook Iran sanctions enforcement likely tough on...

Oil: It’s Not Just U.S. Output That’s Ramping — It’s Exports Too By Barani Krishnan - Aug 26, 2023

Traders question the sudden surge in U.S. oil production reported by the EIA. The EIA's revised reporting method has raised production estimates, challenging industry expectations. U.S. oil exports...

Oil: Saudis Are Cutting? Well, U.S. Is Producing More and More By Barani Krishnan - Aug 19, 2023

U.S. crude production hits three-year highs for two weeks despite a 15% drop in drilling rigs. Improved production efficiency and technology advancements lead to higher output. Increasing U.S. crude...

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