US drillers add oil for first time in 4 weeks

17/05/2024 Argaam Exclusive

Baker Hughes said that oil rigs rose by one to 497 in the week ended May 17.

 

This marks the first increase since the week ended in April 19 (+5 rigs).

 

Meanwhile, gas rigs were unchanged at 103.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 575 496 497 1+ (78)
Gas 141 103 103 0 (38)
Oil & Gas 716 599 600 1+ (116)

Changes in the number of platforms - USA

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
85.28
0.82 0.97 %
Nymex
81.56
1.23 1.53 %
Natural Gas
2.90
0.11 3.90 %
Gold
2,329.65
10.68 0.46 %
Silver
29.53
0.08 0.28 %
High Grade Copper
4.50
0.05 1.09 %
Iron Ore
107.05
(0.28) (0.26 %)
Aluminum
2,475.00
(0.75) (0.03 %)
LEAD
2,196.00
38.00 1.76 %
Zinc
2,852.00
34.50 1.22 %
Steel
787.00
(12.00) (1.51 %)
Wheat (CBOT)
599.00
(9.00) (1.48 %)
Corn (CBOT)
450.00
6.20 1.40 %
Coffee (ICEUS)
226.25
(1.05) (0.46 %)
Whole Milk Powder
4,137.50
125.00 3.02 %
Skim Milk Powder
2,712.50
100.00 3.69 %
Refining margins
10.10
0.58 6.09 %
VLCC "Spot"
-
- -
LPG (mt) ($)
-
- -
Fujairah Fuel Pric (mt) ($)
-
- -
VLCC "TC/1Year" ($)
-
- -
MR Atlantic ($)
-
- -
Dry Bulk Panamax ($)
-
- -

Commodity Prices

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