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US oil rigs fall to lowest level since January 2022: Baker Hughes
06/10/2023
Argaam Exclusive
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The US oil rigs declined by five to 497 in the week ended Oct. 6, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.
This marks the lowest level since Jan. 28, 2022, when the US oil rig count reached 495.
Meanwhile, gas rigs increased by two to reach 118.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 602 | 502 | 497 | (5) | (105) |
| Gas | 158 | 116 | 118 | 2+ | (40) |
| Oil & Gas | 760 | 618 | 615 | (3) | (145) |
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Name
Price
Change (value)Change (%)
Brent Crude Oil
66.00
0.40
0.60 %
Nymex
62.84
0.79
1.27 %
Natural Gas
3.40
(0.02)
(0.53 %)
Gold
3,314.63
25.14
0.76 %
Silver
33.33
0.15
0.45 %
High Grade Copper
4.70
0.04
0.84 %
Iron Ore
100.05
0.05
0.05 %
Aluminum
2,421.75
18.75
0.78 %
LEAD
1,986.50
3.00
0.15 %
Zinc
2,724.50
1.50
0.06 %
Steel
815.00
(6.00)
(0.73 %)
Wheat (CBOT)
549.50
3.20
0.59 %
Corn (CBOT)
456.00
1.40
0.31 %
Coffee (ICEUS)
369.30
(5.40)
(1.44 %)
Whole Milk Powder
4,925.00
(50.00)
(1.02 %)
Skim Milk Powder
2,712.50
(37.50)
(1.38 %)
Refining margins
12.31
(0.28)
(2.22 %)
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