US energy companies have reported a seventh consecutive week of increases in their active oil and natural gas rig count, according to Baker Hughes. This sustained growth is the longest such streak observed since May 2022. The combined rig count for oil and natural gas rose by one, reaching 563 in the week ending June 5, which represents the highest level recorded since May 2025.
For freight forwarders and supply chain professionals, a consistent increase in US oil and gas rig counts suggests a potential rise in domestic energy production. This could lead to a more stable and potentially lower cost for bunker fuels and other energy-related logistics expenses in the long term, reducing reliance on imported energy. Increased domestic production might also influence demand for specialized equipment transport, such as pipes, machinery, and other components required for drilling operations, potentially impacting breakbulk and project cargo movements within the US.