Baker Hughes says US oil rig count declined

28/02/2025 Argaam Exclusive

The US drilling rig count decreased by two week-on-week to 486 in the week ended Feb. 28.

 

Meanwhile, the gas rig count increased by three to 102.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 506 488 486 (2) (20)
Gas 119 99 102 3+ (17)
Oil & Gas 625 587 588 1+ (37)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
72.57
(0.23)
(0.31 %)
Nymex
69.46
(0.29)
(0.41 %)
Natural Gas
3.81
(0.02)
(0.53 %)
Gold
2,879.70
30.80
1.07 %
Silver
31.98
0.48
1.53 %
High Grade Copper
4.58
0.03
0.75 %
Iron Ore
102.60
(1.98)
(1.93 %)
Aluminum
2,592.75
10.75
0.42 %
LEAD
1,990.50
3.50
0.18 %
Zinc
2,834.00
38.50
1.37 %
Steel
940.00
4.00
0.42 %
Wheat (CBOT)
559.50
3.60
0.65 %
Corn (CBOT)
467.00
(2.40)
(0.51 %)
Coffee (ICEUS)
384.30
11.65
3.10 %
Whole Milk Powder
4,575.00
25.00
0.55 %
Skim Milk Powder
2,725.00
75.00
2.75 %
Refining margins
6.69
0.26
4.04 %
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-

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