JPMorgan says G7's 100 million barrel release is mostly repackaged old barrels
JPMorgan says the G7's 100 million barrel oil release largely consists of previously committed barrels, with the main change being a focus on diesel.
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Baker Hughes weekly rig count rises by five to 603
Baker Hughes' weekly total rig count rose to 603, with oil rigs gaining and gas rigs easing. Crude traded at $91.20, down 0.33%.
09/10/2026 17:212 min read
Baker Hughes published its latest weekly rig tally:
- Total rigs stood at 603, compared with 598 a week earlier.
- Oil-focused rigs numbered 462, versus 456 in the prior week.
- Natural gas rigs came in at 132, against 133 last week.
The yearly totals show:
- Total rigs are up 56 on the year.
- Oil rigs have added 44.
- Gas rigs are 12 higher.
Crude oil changed hands at $91.20, down 29 cents, or 0.33%.
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