US rig count sees biggest decline since November 2023: Baker Hughes

03/05/2024 Argaam Exclusive

The US drilling rig count fell seven units to 499 in the week ended May 3, Baker Hughes energy services firm said in its closely followed report on Friday.

 

This is the biggest decline since Nov. 3, 2023, when it fell by eight units.

 

Meanwhile, the gas rig count fell three units to 102 in the week, its lowest level since Nov. 5, when it dropped by 100 units.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 588 506 499 (7) (89)
Gas 157 105 102 (3) (55)
Oil & Gas 745 611 601 (10) (144)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
75.14
2.05
2.77 %
Nymex
71.56
2.10
2.99 %
Natural Gas
2.76
0.12
4.49 %
Gold
2,745.50
(3.40)
(0.12 %)
Silver
32.59
(0.09)
(0.28 %)
High Grade Copper
4.43
0.05
1.21 %
Iron Ore
104.08
0.00
0.00 %
Aluminum
2,599.50
18.25
0.71 %
LEAD
2,039.00
2.50
0.12 %
Zinc
3,032.00
(34.00)
(1.11 %)
Steel
725.00
(12.00)
(1.64 %)
Wheat (CBOT)
567.75
(0.60)
(0.11 %)
Corn (CBOT)
417.00
2.20
0.53 %
Coffee (ICEUS)
246.15
3.15
1.29 %
Whole Milk Powder
4,662.50
(187.50)
(4.02 %)
Skim Milk Powder
2,737.50
(125.00)
(4.57 %)
Refining margins
4.97
(0.49)
(8.97 %)
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-
MR Atlantic ($)
-
-
-
Dry Bulk Panamax ($)
-
-
-
المزيد

Commodity Prices

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