US oil rigs fall to lowest level since January 2022: Baker Hughes

06/10/2023 Argaam Exclusive

The US oil rigs declined by five to 497 in the week ended Oct. 6, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

This marks the lowest level since Jan. 28, 2022, when the US oil rig count reached 495.

Meanwhile, gas rigs increased by two to reach 118.

Oil and gas exploration platforms - USA

Item	Year Before	Last Week	Current	Weekly Change	Yearly Change
No. of Rig Count	602	502	497	(5)	(105)
Gas	158	116	118	2+	(40)
Oil & Gas	760	618	615	(3)	(145)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

73.27

(1.86)

(2.47 %)

Nymex

69.36

(1.85)

(2.59 %)

Natural Gas

3.51

0.23

6.51 %

Gold

2,631.72

(80.19)

(2.96 %)

Silver

30.28

(1.06)

(3.37 %)

High Grade Copper

4.16

0.03

0.74 %

Iron Ore

102.02

0.07

0.07 %

Aluminum

2,617.00

22.25

0.85 %

LEAD

2,027.00

8.50

0.42 %

Zinc

3,020.50

48.50

1.63 %

Steel

722.00

0.00

0.00 %

Wheat (CBOT)

552.75

(12.00)

(2.12 %)

Corn (CBOT)

433.50

(1.60)

(0.37 %)

Coffee (ICEUS)

306.40

4.05

1.34 %

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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