US oil rig count fall for fourth straight week: Baker Hughes

21/06/2024 Argaam Exclusive

The US drilling rig count declined for the fourth consecutive week. The US drillers declined by three to 485 in the week ended June 21, the lowest level compared to 481 drillers since Jan. 7, 2022, Baker Hughes energy services firm said in its closely followed report on Friday.

 

Meanwhile, the gas rig count remained unchanged at 98 for the second week in a row.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 546 488 485 (3) (61)
Gas 130 98 98 0 (32)
Oil & Gas 676 586 583 (3) (93)

Changes in the number of platforms - USA

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
85.00
(0.26) (0.30 %)
Nymex
81.54
(0.20) (0.24 %)
Natural Gas
2.60
(0.08) (3.11 %)
Gold
2,339.60
3.00 0.13 %
Silver
29.56
0.30 1.04 %
High Grade Copper
4.39
0.04 0.99 %
Iron Ore
106.51
(0.05) (0.05 %)
Aluminum
2,493.50
35.25 1.44 %
LEAD
2,221.50
36.50 1.67 %
Zinc
2,936.50
(7.50) (0.25 %)
Steel
674.00
(2.00) (0.29 %)
Wheat (CBOT)
573.40
(6.00) (1.04 %)
Corn (CBOT)
420.60
(13.00) (3.00 %)
Coffee (ICEUS)
226.80
0.45 0.20 %
Whole Milk Powder
4,112.50
(25.00) (0.61 %)
Skim Milk Powder
2,662.50
(50.00) (1.88 %)
Refining margins
7.37
1.50 25.55 %
VLCC "Spot"
-
- -
LPG (mt) ($)
-
- -
Fujairah Fuel Pric (mt) ($)
-
- -
VLCC "TC/1Year" ($)
-
- -
MR Atlantic ($)
-
- -
Dry Bulk Panamax ($)
-
- -

Commodity Prices

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