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US drillers cut oil rigs by one: Baker Hughes
03/01/2025
Argaam Exclusive
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US energy firms this week cut the number of oil rigs by one to 482, Baker Hughes said in its closely followed report on Friday, Jan. 3.
Meanwhile, the gas rig count rose by one to 103 in the same week.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 501 | 483 | 482 | (1) | (19) |
| Gas | 118 | 102 | 103 | 1+ | (15) |
| Oil & Gas | 619 | 585 | 585 | 0 | (34) |
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Name
Price
Change (value)Change (%)
Brent Crude Oil
68.90
(0.19)
(0.28 %)
Nymex
65.59
1.58
2.47 %
Natural Gas
3.00
0.01
0.33 %
Gold
3,536.67
4.41
0.12 %
Silver
40.75
(0.13)
(0.32 %)
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
1,992.50
(4.50)
(0.23 %)
Zinc
2,860.50
(2.50)
(0.09 %)
Steel
825.00
0.00
0.00 %
Wheat (CBOT)
528.25
1.40
0.26 %
Corn (CBOT)
423.00
2.60
0.62 %
Coffee (ICEUS)
370.35
(15.75)
(4.18 %)
Whole Milk Powder
4,912.50
(37.50)
(0.76 %)
Skim Milk Powder
2,787.50
0.00
0.00 %
Refining margins
12.08
0.61
5.32 %
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