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US oil rig count drops by 8 to 507 this week: Baker Hughes
22/09/2023
Argaam Exclusive
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The US oil rigs declined by eight to 507 in the week ended Sept. 22, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.
This marks the lowest level since Feb. 4, 2022.
Meanwhile, gas rigs decreased by three to reach 118.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 602 | 515 | 507 | (8) | (95) |
| Gas | 160 | 121 | 118 | (3) | (42) |
| Oil & Gas | 762 | 636 | 625 | (11) | (137) |
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Price
Change (value)Change (%)
Brent Crude Oil
65.50
(1.49)
(2.23 %)
Nymex
61.87
(1.61)
(2.54 %)
Natural Gas
3.05
(0.03)
(0.84 %)
Gold
3,586.76
40.90
1.15 %
Silver
41.01
0.34
0.84 %
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
1,988.00
0.00
0.00 %
Zinc
2,855.50
19.50
0.69 %
Steel
825.00
0.00
0.00 %
Wheat (CBOT)
519.25
(0.20)
(0.04 %)
Corn (CBOT)
418.00
(1.60)
(0.38 %)
Coffee (ICEUS)
373.65
(0.75)
(0.20 %)
Whole Milk Powder
4,912.50
(37.50)
(0.76 %)
Skim Milk Powder
2,787.50
0.00
0.00 %
Refining margins
15.35
0.39
2.61 %
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