News & Macrohigh confidence
North America Breaks Rig Loss Streak
rigzone.com · September 16, 2026 · Week 2026-38
Summary
The North American rotary rig count increased by six week-on-week, ending a period of decline, according to Baker Hughes data. This minor uptick could indicate a stabilization in US drilling activity, a key factor influencing future shale production levels and global supply balances.
Strategic Implication
A sustained recovery in the US rig count would signal rising non-OPEC+ supply, potentially complicating future market management for producers like Saudi Arabia and the UAE.