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)

Changes in the number of platforms - USA

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
81.13
(1.24) (1.50 %)
Nymex
77.16
(1.12) (1.43 %)
Natural Gas
2.01
(0.04) (1.71 %)
Gold
2,381.00
27.50 1.16 %
Silver
28.02
0.05 0.16 %
High Grade Copper
4.12
0.00 (0.04 %)
Iron Ore
106.86
(0.28) (0.26 %)
Aluminum
2,258.00
24.00 1.06 %
LEAD
2,076.00
42.00 2.06 %
Zinc
2,658.50
(28.50) (1.06 %)
Steel
680.00
27.00 3.96 %
Wheat (CBOT)
523.50
(14.20) (2.64 %)
Corn (CBOT)
410.00
(10.60) (2.52 %)
Coffee (ICEUS)
230.25
(4.45) (1.91 %)
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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