US oil drillers decline for second straight week: Baker Hughes

10/10/2025 Argaam Exclusive

A new Baker Hughes report showed a decrease in the US oil rig count for the second consecutive week.

The number of US oil rigs declined by four to 418 in the week ended Oct. 10.

Meanwhile, the number of natural gas rigs increased by two to 120.

Oil and gas exploration platforms - USA

Item	Year Before	Last Week	Current	Weekly Change	Yearly Change
No. of Rig Count	481	422	418	(4)	(63)
Gas	101	118	120	2+	19
Oil & Gas	582	540	538	(2)	(44)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

62.73

(2.49)

(3.81 %)

Nymex

58.90

(2.66)

(4.33 %)

Natural Gas

3.11

(0.12)

(3.80 %)

Gold

4,017.00

36.45

0.92 %

Silver

50.07

0.99

2.01 %

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

2,012.00

(8.50)

(0.42 %)

Zinc

2,984.50

(29.50)

(0.98 %)

Steel

825.00

0.00

0.00 %

Wheat (CBOT)

498.50

(8.00)

(1.57 %)

Corn (CBOT)

413.00

(5.20)

(1.24 %)

Coffee (ICEUS)

373.05

(4.20)

(1.11 %)

Whole Milk Powder

4,662.50

(150.00)

(3.22 %)

Skim Milk Powder

2,625.00

(75.00)

(2.86 %)

Refining margins

14.54

0.47

3.34 %

VLCC "Spot"

LPG (mt) ($)

Fujairah Fuel Pric (mt) ($)

VLCC "TC/1Year" ($)

المزيد

Commodity Prices

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