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)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

75.17

0.94

1.27 %

Nymex

71.24

1.14

1.62 %

Natural Gas

3.13

(0.21)

(6.19 %)

Gold

2,712.20

37.30

1.40 %

Silver

31.34

0.40

1.28 %

High Grade Copper

4.09

(0.04)

(0.95 %)

Iron Ore

102.02

0.07

0.07 %

Aluminum

2,595.00

(11.00)

(0.42 %)

LEAD

2,018.50

17.50

0.87 %

Zinc

2,972.00

(29.00)

(0.97 %)

Steel

777.00

(11.00)

(1.41 %)

Wheat (CBOT)

564.75

(4.60)

(0.81 %)

Corn (CBOT)

435.25

(1.00)

(0.23 %)

Coffee (ICEUS)

302.10

6.40

2.20 %

Whole Milk Powder

3,662.50

(1,000.00)

(27.30 %)

Skim Milk Powder

2,737.50

0.00

0.00 %

Refining margins

4.73

(0.31)

(6.15 %)

VLCC "Spot"

LPG (mt) ($)

Fujairah Fuel Pric (mt) ($)

VLCC "TC/1Year" ($)

MR Atlantic ($)

Dry Bulk Panamax ($)

المزيد

Commodity Prices

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