US oil rigs rise for first time in 6 weeks: Baker Hughes

31/01/2025 Argaam Exclusive

US driller added oil rigs for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday, Jan. 31.

 

The oil rig count increased by seven week-on-week to 479.

 

However, natural gas rigs decreased by one to 98.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 499 472 479 7+ (20)
Gas 117 99 98 (1) (19)
Oil & Gas 616 571 577 6+ (39)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
75.67
(0.22)
(0.29 %)
Nymex
72.53
(0.20)
(0.27 %)
Natural Gas
3.04
0.00
(0.10 %)
Gold
2,835.00
(10.20)
(0.36 %)
Silver
32.27
(0.23)
(0.70 %)
High Grade Copper
4.28
(0.03)
(0.66 %)
Iron Ore
105.78
0.28
0.26 %
Aluminum
2,588.00
(36.50)
(1.40 %)
LEAD
1,947.00
(20.00)
(1.02 %)
Zinc
2,747.50
(35.00)
(1.26 %)
Steel
806.00
2.00
0.25 %
Wheat (CBOT)
559.50
(7.00)
(1.23 %)
Corn (CBOT)
482.00
(8.20)
(1.68 %)
Coffee (ICEUS)
377.85
4.45
1.17 %
Whole Milk Powder
4,425.00
(87.50)
(1.98 %)
Skim Milk Powder
2,687.50
(137.50)
(5.12 %)
Refining margins
7.12
0.32
4.71 %
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-

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