Baker Hughes says US oil rig count declines for 5th week

30/05/2025 Argaam Exclusive

The US drilling rig count decreased for the fifth consecutive week, signaling a potential tightening of future supplies of oil in the world’s largest economy, according to Baker Hughes.

 

The US oil rig count declined by four to 461 units in the week ended May 30.

 

On the other hand, the gas rig count increased by one to 99 in the same week.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 496 465 461 (4) (35)
Gas 100 98 99 1+ (1)
Oil & Gas 596 563 560 (3) (36)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
64.29
1.45
2.29 %
Nymex
62.50
1.65
2.70 %
Natural Gas
3.53
0.09
2.43 %
Gold
3,318.45
26.46
0.80 %
Silver
33.22
0.19
0.58 %
High Grade Copper
4.87
0.20
4.14 %
Iron Ore
95.98
(0.29)
(0.30 %)
Aluminum
2,359.75
(5.00)
(0.21 %)
LEAD
1,969.00
7.00
0.36 %
Zinc
2,637.50
8.00
0.30 %
Steel
787.00
(6.00)
(0.76 %)
Wheat (CBOT)
538.00
4.00
0.75 %
Corn (CBOT)
444.00
0.00
0.00 %
Coffee (ICEUS)
342.45
(5.95)
(1.71 %)
Whole Milk Powder
4,887.50
(37.50)
(0.77 %)
Skim Milk Powder
2,712.50
0.00
0.00 %
Refining margins
9.53
6.83
252.96 %
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-
المزيد

Commodity Prices

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