US rig count hits 6-month high: Baker Hughes

15/03/2024 Argaam Exclusive

The US drilling rig count rose six units to 510 in the week ended March 15, Baker Hughes energy services firm said in its closely followed report on Friday.

 

This is the highest level since Sept. 15, 2023, when it reached 515.

 

Meanwhile, the gas rig count rose one unit to 116 in the week.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 589 504 510 6+ (79)
Gas 162 115 116 1+ (46)
Oil & Gas 751 619 626 7+ (125)

Changes in the number of platforms - USA

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
82.12
0.76 0.93 %
Nymex
77.72
0.85 1.10 %
Natural Gas
2.52
(0.14) (5.12 %)
Gold
2,334.50
(2.70) (0.12 %)
Silver
30.50
0.04 0.15 %
High Grade Copper
4.75
(0.04) (0.82 %)
Iron Ore
117.66
0.13 0.11 %
Aluminum
2,643.25
38.75 1.49 %
LEAD
2,302.00
6.50 0.28 %
Zinc
3,059.50
7.00 0.23 %
Steel
820.00
(1.00) (0.12 %)
Wheat (CBOT)
697.25
(0.60) (0.09 %)
Corn (CBOT)
464.75
0.60 0.13 %
Coffee (ICEUS)
218.25
2.60 1.21 %
Whole Milk Powder
3,912.50
25.00 0.64 %
Skim Milk Powder
2,525.00
0.00 0.00 %
Refining margins
11.53
(0.39) (3.27 %)
VLCC "Spot"
-
- -
LPG (mt) ($)
-
- -
Fujairah Fuel Pric (mt) ($)
-
- -
VLCC "TC/1Year" ($)
-
- -
MR Atlantic ($)
-
- -
Dry Bulk Panamax ($)
-
- -

Commodity Prices

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