US rig count hits lowest in 30 months: Baker Hughes

28/06/2024 Argaam Exclusive

The US drilling rig count fell for the fifth straight week, declining six units to 479 in the week ended June 28, Baker Hughes energy services firm said in its closely followed report on Friday.

 

This is the lowest level since Dec. 17, 2021, when the rig count reached 475.

 

Meanwhile, the gas rig count fell one unit to 97 in the week, the lowest level since June 11, 2021 (96 units).

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 545 485 479 (6) (66)
Gas 124 98 97 (1) (27)
Oil & Gas 669 583 576 (7) (93)

Changes in the number of platforms - USA

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
85.03
1.30 1.55 %
Nymex
82.88
2.13 2.63 %
Natural Gas
2.05
(0.14) (6.42 %)
Gold
2,457.58
(11.12) (0.45 %)
Silver
30.51
(0.96) (3.04 %)
High Grade Copper
4.41
(0.04) (0.92 %)
Iron Ore
109.39
(0.28) (0.26 %)
Aluminum
2,362.00
(1.00) (0.04 %)
LEAD
2,184.50
(3.00) (0.14 %)
Zinc
2,842.00
(50.50) (1.75 %)
Steel
760.00
(7.00) (0.92 %)
Wheat (CBOT)
539.25
8.40 1.58 %
Corn (CBOT)
411.75
3.00 0.73 %
Coffee (ICEUS)
243.15
(0.45) (0.18 %)
Whole Milk Powder
4,112.50
0.00 0.00 %
Skim Milk Powder
2,600.00
(62.50) (2.40 %)
Refining margins
5.99
(0.99) (14.18 %)
VLCC "Spot"
-
- -
LPG (mt) ($)
-
- -
Fujairah Fuel Pric (mt) ($)
-
- -
VLCC "TC/1Year" ($)
-
- -
MR Atlantic ($)
-
- -
Dry Bulk Panamax ($)
-
- -

Commodity Prices

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