US oil rig count drop to 16-week low: Baker Hughes

08/03/2024 Argaam Exclusive

The US drilling rig count decreased by two week-on-week to504 in the week ended March8, Baker Hughes energy services firm said in its closely followed report on Friday.

 

Meanwhile, the gas rig count fell by four to 115, the lowest level compared to 114 in the week ended Nov. 17.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 590 506 504 (2) (86)
Gas 153 119 115 (4) (38)
Oil & Gas 743 625 619 (6) (124)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
75.99
0.71
0.95 %
Nymex
72.40
0.98
1.37 %
Natural Gas
2.74
(0.05)
(1.61 %)
Gold
2,740.36
3.89
0.14 %
Silver
32.67
0.24
0.73 %
High Grade Copper
4.48
0.05
1.17 %
Iron Ore
104.08
0.00
0.00 %
Aluminum
2,654.50
52.00
2.00 %
LEAD
2,040.50
3.00
0.15 %
Zinc
3,094.00
60.50
1.99 %
Steel
780.00
14.00
1.79 %
Wheat (CBOT)
567.00
(2.00)
(0.35 %)
Corn (CBOT)
416.75
0.20
0.05 %
Coffee (ICEUS)
249.45
3.50
1.42 %
Whole Milk Powder
4,662.50
(187.50)
(4.02 %)
Skim Milk Powder
2,737.50
(125.00)
(4.57 %)
Refining margins
5.91
0.94
18.91 %
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-
MR Atlantic ($)
-
-
-
Dry Bulk Panamax ($)
-
-
-
المزيد

Commodity Prices

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