Iran & Baker Hughes

Iran: The Iran War is cited as a reason for expected increases in West Texas Intermediate crude prices, indirectly influencing the increase in US rig counts.

Baker Hughes: Baker Hughes is the primary source of the rig count data, which is a key indicator for future oil and gas production. The increase in rig count reported by Baker Hughes suggests a positive outlook for its services.

Baker Hughes: Baker Hughes, another U.S. oilfield services company, also had sites targeted by drone attacks at the Rumaila oilfield, affecting its operations.