US oil rig count declines, says Baker Hughes

03/10/2025 Argaam Exclusive

A new Baker Hughes report showed a decline in the US oil rig count for the first time after five consecutive weeks.

The number of US oil rigs decreased by two in the week ended Oct. 3 to 422.

Meanwhile, the number of natural gas rigs increased by one to 118.

Oil and gas exploration platforms - USA

Item	Year Before	Last Week	Current	Weekly Change	Yearly Change
No. of Rig Count	479	424	422	(2)	(57)
Gas	102	117	118	1+	16
Oil & Gas	581	541	540	(1)	(41)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

64.53

0.42

0.65 %

Nymex

60.88

0.40

0.66 %

Natural Gas

3.32

(0.12)

(3.46 %)

Gold

3,887.09

30.77

0.80 %

Silver

47.99

1.00

2.12 %

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

2,014.50

(3.50)

(0.17 %)

Zinc

3,030.50

19.00

0.63 %

Steel

825.00

0.00

0.00 %

Wheat (CBOT)

515.25

0.40

0.08 %

Corn (CBOT)

419.00

(2.60)

(0.62 %)

Coffee (ICEUS)

390.75

12.65

3.30 %

Whole Milk Powder

4,662.50

(150.00)

(3.22 %)

Skim Milk Powder

2,625.00

(75.00)

(2.86 %)

Refining margins

13.51

(1.81)

(11.81 %)

VLCC "Spot"

LPG (mt) ($)

Fujairah Fuel Pric (mt) ($)

VLCC "TC/1Year" ($)

المزيد

Commodity Prices

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