Weekly oil, gas rig count in US decreases: Baker Hughes

17/01/2025 Argaam Exclusive

The drilling and gas rig count in the US declined in the week ended Jan. 17, Baker Hughes energy services firm said in its closely followed report on Friday.

 

The oil rig count declined by two to 478 units week-on-week (WoW).

 

Similarly, the gas rig count also decreased by two to 98 in the same week.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 497 480 478 (2) (19)
Gas 120 100 98 (2) (22)
Oil & Gas 617 580 576 (4) (41)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
80.79
(0.50)
(0.61 %)
Nymex
77.88
(0.80)
(1.02 %)
Natural Gas
3.95
(0.31)
(7.24 %)
Gold
2,748.70
(2.20)
(0.08 %)
Silver
31.14
(0.58)
(1.85 %)
High Grade Copper
4.37
(0.07)
(1.63 %)
Iron Ore
101.21
0.72
0.71 %
Aluminum
2,691.25
38.75
1.47 %
LEAD
1,965.50
(7.00)
(0.36 %)
Zinc
2,941.50
68.00
2.36 %
Steel
780.00
(3.00)
(0.39 %)
Wheat (CBOT)
538.75
1.20
0.22 %
Corn (CBOT)
484.25
9.60
2.03 %
Coffee (ICEUS)
328.35
1.20
0.36 %
Whole Milk Powder
4,512.50
(87.50)
(1.94 %)
Skim Milk Powder
2,825.00
137.50
4.87 %
Refining margins
5.03
(1.22)
(19.52 %)
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-

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