The latest Baker Hughes Rig Count shows shifts across the U.S., Canada, and international markets:
U.S.: 582 rigs (Weekly: -1 | Yearly: -43)
Canada: 205 rigs (Weekly: +4 | Yearly: +13)
International: 950 rigs (Monthly: +3 | Yearly: -12)
Key Takeaways of Rig Count Update
✅ U.S. Stability: The U.S. continues to face a yearly decline, reflecting cautious drilling amid market fluctuations.
✅ Canada Gains Momentum: A notable weekly rise positions Canada as a consistent performer, signaling steady demand in the region.
✅ Global Outlook: International rig counts update remain stable, with slight monthly gains reflecting measured growth in the global energy market.
Stay informed with these updates to navigate the evolving energy landscape effectively.
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