US weekly rig count falls 8 units

25/08/2023 Argaam Exclusive

The US drilling rig count declined for the second straight week, down eight units to 512 in the week ended Aug. 25, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.

 

Meanwhile, the gas rig count fell two units to 115 in the week.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 605 520 512 (8) (93)
Gas 158 117 115 (2) (43)
Oil & Gas 763 637 627 (10) (136)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
59.93
1.08
1.83 %
Nymex
56.27
1.02
1.85 %
Natural Gas
4.02
0.08
1.98 %
Gold
4,338.23
36.01
0.84 %
Silver
65.80
2.22
3.50 %
High Grade Copper
5.44
0.08
1.54 %
Iron Ore
106.36
0.26
0.24 %
Aluminum
2,904.50
33.75
1.17 %
LEAD
1,961.50
19.50
1.00 %
Zinc
3,078.00
43.00
1.41 %
Steel
894.00
4.00
0.45 %
Wheat (CBOT)
509.00
(0.60)
(0.12 %)
Corn (CBOT)
438.00
1.20
0.28 %
Coffee (ICEUS)
351.75
(0.55)
(0.16 %)
Whole Milk Powder
3,675.00
(175.00)
(4.76 %)
Skim Milk Powder
2,412.50
(12.50)
(0.52 %)
Refining margins
8.35
(0.25)
(2.91 %)
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-

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