Oil rig count falls for 14th consecutive week: Baker Hughes

01/08/2025 Argaam Exclusive

The number of active oil drilling rigs in the US declined during the week ending August 1, marking the 14th consecutive weekly drop, .

The oil rig count fell by five units to a total of 410, according to data released Friday by Baker Hughes.

Meanwhile, the number of active natural gas rigs increased by two units during the same period, reaching 124.

Oil and gas exploration platforms - USA

Item	Year Before	Last Week	Current	Weekly Change	Yearly Change
No. of Rig Count	482	415	410	(5)	(72)
Gas	98	122	124	2+	26
Oil & Gas	580	537	534	(3)	(46)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

65.72

(0.76)

(1.14 %)

Nymex

62.33

(1.09)

(1.72 %)

Natural Gas

2.76

(0.13)

(4.41 %)

Gold

3,318.01

(14.26)

(0.43 %)

Silver

37.32

(0.71)

(1.86 %)

High Grade Copper

4.48

(0.01)

(0.30 %)

Iron Ore

102.03

(0.38)

(0.37 %)

Aluminum

2,545.75

(8.00)

(0.31 %)

LEAD

1,974.00

(5.50)

(0.28 %)

Zinc

2,770.00

(11.50)

(0.41 %)

Steel

825.00

0.00

0.00 %

Wheat (CBOT)

521.25

(3.40)

(0.65 %)

Corn (CBOT)

404.00

(3.00)

(0.74 %)

Coffee (ICEUS)

349.05

13.00

3.85 %

Whole Milk Powder

4,950.00

12.50

0.25 %

Skim Milk Powder

2,787.50

62.50

2.24 %

Refining margins

11.10

0.54

5.11 %

VLCC "Spot"

LPG (mt) ($)

Fujairah Fuel Pric (mt) ($)

VLCC "TC/1Year" ($)

المزيد

Commodity Prices

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