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)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

73.10

0.29

0.39 %

Nymex

69.49

0.23

0.33 %

Natural Gas

2.66

(0.04)

(1.63 %)

Gold

2,749.20

(0.10)

0.00 %

Silver

32.68

(0.12)

(0.35 %)

High Grade Copper

4.37

0.03

0.72 %

Iron Ore

104.08

0.00

0.00 %

Aluminum

2,581.50

(10.50)

(0.41 %)

LEAD

2,036.50

(0.50)

(0.02 %)

Zinc

3,066.00

31.00

1.02 %

Steel

736.00

1.00

0.14 %

Wheat (CBOT)

568.00

(2.40)

(0.42 %)

Corn (CBOT)

414.50

3.60

0.88 %

Coffee (ICEUS)

242.95

(2.95)

(1.20 %)

Whole Milk Powder

4,662.50

(187.50)

(4.02 %)

Skim Milk Powder

2,737.50

(125.00)

(4.57 %)

Refining margins

4.16

(0.34)

(7.56 %)

VLCC "Spot"

LPG (mt) ($)

Fujairah Fuel Pric (mt) ($)

VLCC "TC/1Year" ($)

MR Atlantic ($)

Dry Bulk Panamax ($)

المزيد

Commodity Prices

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