US drillers reduce oil rigs for first time in 3 weeks, Baker Hughes says

25/10/2024 Argaam Exclusive

Baker Hughes said that oil rigs decreased by two to 480 in the week ended Oct. 25.

 

This marked the first decline in three weeks.

 

Meanwhile, gas rigs increased by two to 101, rising for the first time in three weeks.

 

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 504 482 480 (2) (24)
Gas 117 99 101 2+ (16)
Oil & Gas 621 581 581 0 (40)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
71.47
(4.56)
(6.27 %)
Nymex
67.30
(4.46)
(6.47 %)
Natural Gas
2.44
(0.11)
(4.55 %)
Gold
2,741.90
(12.70)
(0.46 %)
Silver
33.55
(0.23)
(0.69 %)
High Grade Copper
4.35
(0.02)
(0.45 %)
Iron Ore
104.23
(0.17)
(0.16 %)
Aluminum
2,630.50
(27.75)
(1.05 %)
LEAD
2,022.50
(19.00)
(0.93 %)
Zinc
3,063.00
(36.50)
(1.18 %)
Steel
710.00
8.00
1.13 %
Wheat (CBOT)
567.75
(1.20)
(0.21 %)
Corn (CBOT)
414.25
(1.20)
(0.29 %)
Coffee (ICEUS)
252.60
4.20
1.70 %
Whole Milk Powder
4,662.50
(187.50)
(4.02 %)
Skim Milk Powder
2,737.50
(125.00)
(4.57 %)
Refining margins
3.28
(0.87)
(20.96 %)
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-
MR Atlantic ($)
-
-
-
Dry Bulk Panamax ($)
-
-
-
المزيد

Commodity Prices

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