US rig count hits 23-week high: Baker Hughes

01/03/2024 Argaam Exclusive

The US drilling rig count rose three units to 506 in the week ended March 1, Baker Hughes energy services firm said in its closely followed report on Friday.

This is the highest level since Sept. 22, 2023, when it reached 507.

Meanwhile, the gas rig count fell four units to 119 in the week.

Oil and gas exploration platforms - USA

Item	Year Before	Last Week	Current	Weekly Change	Yearly Change
No. of Rig Count	592	503	506	3+	(86)
Gas	154	120	119	(1)	(35)
Oil & Gas	746	623	625	2+	(121)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

63.36

1.76

2.86 %

Nymex

59.30

2.08

3.61 %

Natural Gas

3.45

(0.04)

(1.06 %)

Gold

4,091.97

(33.21)

(0.80 %)

Silver

48.55

(0.17)

(0.35 %)

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

(0.50)

(0.03 %)

Zinc

3,019.50

28.50

0.95 %

Steel

825.00

0.00

0.00 %

Wheat (CBOT)

503.75

3.40

0.68 %

Corn (CBOT)

423.00

3.20

0.76 %

Coffee (ICEUS)

420.85

7.30

1.75 %

Whole Milk Powder

4,350.00

(312.50)

(7.18 %)

Skim Milk Powder

2,550.00

(75.00)

(2.94 %)

Refining margins

9.91

0.13

1.33 %

VLCC "Spot"

LPG (mt) ($)

Fujairah Fuel Pric (mt) ($)

VLCC "TC/1Year" ($)

المزيد

Commodity Prices

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