US rig count hits 23-week high: Baker Hughes

01/03/2024 Argaam Exclusive

The US drilling rig count rose three units to 506 in the week ended March 1, Baker Hughes energy services firm said in its closely followed report on Friday.

 

This is the highest level since Sept. 22, 2023, when it reached 507.

 

Meanwhile, the gas rig count fell four units to 119 in the week.

 

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 592 503 506 3+ (86)
Gas 154 120 119 (1) (35)
Oil & Gas 746 623 625 2+ (121)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
80.76
(0.10)
(0.12 %)
Nymex
78.82
2.25
2.94 %
Natural Gas
3.93
0.00
0.10 %
Gold
2,670.78
7.72
0.29 %
Silver
29.62
0.02
0.07 %
High Grade Copper
4.38
0.03
0.62 %
Iron Ore
98.09
0.00
0.00 %
Aluminum
2,588.00
10.75
0.42 %
LEAD
1,947.50
0.50
0.03 %
Zinc
2,871.00
10.00
0.35 %
Steel
806.00
8.00
0.99 %
Wheat (CBOT)
545.00
(0.20)
(0.04 %)
Corn (CBOT)
476.50
6.00
1.28 %
Coffee (ICEUS)
325.95
2.10
0.65 %
Whole Milk Powder
4,600.00
(12.50)
(0.27 %)
Skim Milk Powder
2,687.50
(50.00)
(1.86 %)
Refining margins
7.44
0.70
10.39 %
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-
VLCC "Spot"
-
-
-

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