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)

Changes in the number of platforms - USA

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
82.39
(0.05) (0.06 %)
Nymex
78.28
0.69 0.89 %
Natural Gas
2.09
0.01 0.29 %
Gold
2,364.79
0.44 0.02 %
Silver
27.87
0.03 0.11 %
High Grade Copper
4.11
0.02 0.38 %
Iron Ore
107.47
(0.32) (0.30 %)
Aluminum
2,254.75
(33.75) (1.48 %)
LEAD
2,031.50
(2.50) (0.12 %)
Zinc
2,672.50
(14.50) (0.54 %)
Steel
682.00
4.00 0.59 %
Wheat (CBOT)
537.75
(0.20) (0.04 %)
Corn (CBOT)
454.00
3.40 0.76 %
Coffee (ICEUS)
234.70
3.55 1.53 %
Whole Milk Powder
4,225.00
112.50 2.66 %
Skim Milk Powder
2,600.00
0.00 0.00 %
Refining margins
6.01
(0.67) (10.03 %)
VLCC "Spot"
-
- -
LPG (mt) ($)
-
- -
Fujairah Fuel Pric (mt) ($)
-
- -
VLCC "TC/1Year" ($)
-
- -
MR Atlantic ($)
-
- -
Dry Bulk Panamax ($)
-
- -

Commodity Prices

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