US weekly rig count falls for sixth week: Baker Hughes

21/07/2023 Argaam Exclusive

The US drilling rig count decreased by seven units to 530 in the week ended July 21, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

The US rig count fell to the sixth straight week.

 

The gas rig count also declined by two to 131 in the week.

 

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 599 537 530 (7) (69)
Gas 155 133 131 (2) (24)
Oil & Gas 754 670 661 (9) (93)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
75.37
2.20
2.97 %
Nymex
71.79
2.23
3.17 %
Natural Gas
2.79
0.14
5.47 %
Gold
2,736.49
2.02
0.07 %
Silver
32.46
0.05
0.15 %
High Grade Copper
4.43
0.06
1.34 %
Iron Ore
104.08
0.00
0.00 %
Aluminum
2,599.50
18.25
0.71 %
LEAD
2,037.50
1.00
0.05 %
Zinc
3,033.50
(32.50)
(1.06 %)
Steel
725.00
(12.00)
(1.64 %)
Wheat (CBOT)
568.75
0.60
0.11 %
Corn (CBOT)
416.50
2.00
0.48 %
Coffee (ICEUS)
245.95
3.00
1.23 %
Whole Milk Powder
4,662.50
(187.50)
(4.02 %)
Skim Milk Powder
2,737.50
(125.00)
(4.57 %)
Refining margins
4.97
(0.49)
(8.97 %)
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-
MR Atlantic ($)
-
-
-
Dry Bulk Panamax ($)
-
-
-

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