US oil rig count hits 14-week low: Baker Hughes

16/02/2024 Argaam Exclusive

The US drilling rig count fell two units to 497 in the week ended Feb. 16, Baker Hughes energy services firm said in its closely followed report on Friday.

This is the lowest level since Nov. 10, 2023, when the rig count reached 494.

Meanwhile, the gas rig count held steady at 121. This is the highest level compared to 123 in the week ended Aug. 11.

Oil and gas exploration platforms - USA

Item	Year Before	Last Week	Current	Weekly Change	Yearly Change
No. of Rig Count	607	499	497	(2)	(110)
Gas	151	121	121	0	(30)
Oil & Gas	758	620	618	(2)	(140)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

74.65

(0.51)

(0.68 %)

Nymex

70.72

(0.50)

(0.70 %)

Natural Gas

3.35

0.22

6.59 %

Gold

2,671.30

(41.20)

(1.52 %)

Silver

30.84

(0.50)

(1.59 %)

High Grade Copper

4.10

0.02

0.42 %

Iron Ore

102.02

0.07

0.07 %

Aluminum

2,612.50

(15.00)

(0.57 %)

LEAD

2,037.00

18.50

0.91 %

Zinc

2,982.50

10.50

0.35 %

Steel

777.00

(11.00)

(1.41 %)

Wheat (CBOT)

563.75

(1.00)

(0.18 %)

Corn (CBOT)

434.50

(0.60)

(0.14 %)

Coffee (ICEUS)

302.10

6.40

2.20 %

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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