US oil rig count drops by 8 to 507 this week: Baker Hughes

22/09/2023 Argaam Exclusive

The US oil rigs declined by eight to 507 in the week ended Sept. 22, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

This marks the lowest level since Feb. 4, 2022.

Meanwhile, gas rigs decreased by three to reach 118.

Oil and gas exploration platforms - USA

Item	Year Before	Last Week	Current	Weekly Change	Yearly Change
No. of Rig Count	602	515	507	(8)	(95)
Gas	160	121	118	(3)	(42)
Oil & Gas	762	636	625	(11)	(137)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

73.05

(2.10)

(2.79 %)

Nymex

68.94

(2.30)

(3.22 %)

Natural Gas

3.37

0.24

7.15 %

Gold

2,618.50

(93.70)

(3.45 %)

Silver

30.24

(1.10)

(3.50 %)

High Grade Copper

4.16

0.03

0.63 %

Iron Ore

102.02

0.07

0.07 %

Aluminum

2,618.75

23.75

0.90 %

LEAD

2,022.50

4.00

0.20 %

Zinc

3,017.50

45.50

1.53 %

Steel

720.00

1.00

0.14 %

Wheat (CBOT)

555.75

(9.20)

(1.63 %)

Corn (CBOT)

433.00

(2.20)

(0.51 %)

Coffee (ICEUS)

304.80

2.70

0.89 %

Whole Milk Powder

4,637.50

(12.50)

(0.27 %)

Skim Milk Powder

2,750.00

12.50

0.45 %

Refining margins

3.90

(0.66)

(14.47 %)

VLCC "Spot"

LPG (mt) ($)

Fujairah Fuel Pric (mt) ($)

VLCC "TC/1Year" ($)

MR Atlantic ($)

Dry Bulk Panamax ($)

المزيد

Commodity Prices

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