US oil rig count hits lowest since Jan. 2022

14/06/2024 Argaam Exclusive

The US oil rig count declined four units to 488 in the week ended June 14, Baker Hughes said in its weekly report.

 

This is the lowest number of US rigs since Jan. 7, 2022 when it reached 481.

 

Meanwhile, gas rigs stabilized at 98 last week.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 552 492 488 (4) (64)
Gas 130 98 98 0 (32)
Oil & Gas 682 590 586 (4) (96)

Changes in the number of platforms - USA

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
86.54
(0.89) (1.02 %)
Nymex
83.16
(0.72) (0.86 %)
Natural Gas
2.33
0.00 (0.08 %)
Gold
2,421.10
28.50 1.19 %
Silver
32.61
0.87 2.71 %
High Grade Copper
4.63
0.07 1.55 %
Iron Ore
111.31
(1.75) (1.57 %)
Aluminum
2,508.25
(23.25) (0.92 %)
LEAD
2,237.50
7.50 0.34 %
Zinc
2,998.00
8.50 0.28 %
Steel
705.00
5.00 0.71 %
Wheat (CBOT)
590.50
16.40 2.82 %
Corn (CBOT)
424.00
4.40 1.05 %
Coffee (ICEUS)
228.95
4.75 2.08 %
Whole Milk Powder
4,112.50
0.00 0.00 %
Skim Milk Powder
2,600.00
(62.50) (2.40 %)
Refining margins
8.07
(1.16) (12.57 %)
VLCC "Spot"
-
- -
LPG (mt) ($)
-
- -
Fujairah Fuel Pric (mt) ($)
-
- -
VLCC "TC/1Year" ($)
-
- -
MR Atlantic ($)
-
- -
Dry Bulk Panamax ($)
-
- -

Commodity Prices

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