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US oil rig count hits lowest since Jan. 2022
14/06/2024
Argaam Exclusive
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The US oil rig count declined four units to 488 in the week ended June 14, Baker Hughes said in its weekly report.
This is the lowest number of US rigs since Jan. 7, 2022 when it reached 481.
Meanwhile, gas rigs stabilized at 98 last week.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 552 | 492 | 488 | (4) | (64) |
| Gas | 130 | 98 | 98 | 0 | (32) |
| Oil & Gas | 682 | 590 | 586 | (4) | (96) |
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Name
Price
Change (value)Change (%)
Brent Crude Oil
61.24
0.06
0.10 %
Nymex
58.23
0.12
0.21 %
Natural Gas
3.64
0.01
0.30 %
Gold
3,344.90
(50.20)
(1.49 %)
Silver
32.56
(0.24)
(0.74 %)
High Grade Copper
4.63
(0.03)
(0.54 %)
Iron Ore
99.33
0.70
0.70 %
Aluminum
2,293.25
7.00
0.31 %
LEAD
1,941.50
(16.50)
(0.84 %)
Zinc
2,592.00
(20.50)
(0.78 %)
Steel
825.00
(1.00)
(0.12 %)
Wheat (CBOT)
534.75
0.40
0.08 %
Corn (CBOT)
448.00
(1.00)
(0.22 %)
Coffee (ICEUS)
384.10
(5.75)
(1.48 %)
Whole Milk Powder
4,975.00
162.50
3.27 %
Skim Milk Powder
2,750.00
62.50
2.27 %
Refining margins
11.49
(0.27)
(2.30 %)
VLCC "Spot"
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LPG (mt) ($)
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Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
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