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Baker Hughes rig count News

US Oil Rig Count Rises Slightly to 483, Marking a Weekly Increase Amid Annual Decline

Emily Rodriguez 26 Apr, 2025

The U.S. oil rig count increased slightly to 483 in the week ending April 25, with a notable annual decline. Gas rigs also saw a modest weekly increase. Canada experienced a decrea...

Market

Surge in Oil Prices: A 1% Increase Driven by Shrinking US Inventories

Ryan Peterson 28 Dec, 2024

Crude oil prices increased by over 1% following the EIA's report of a 4.2 million barrel decrease in US commercial crude oil inventories. The Baker Hughes rig count remained stable...