US rig count hits 6-month low: Baker Hughes

10/05/2024 Argaam Exclusive

The US drilling rig count fell three units to 496 in the week ended May 10, Baker Hughes energy services firm said in its closely followed report on Friday.

 

This is the lowest rig count since Nov. 10, 2023, when it reached 494.

 

Meanwhile, the gas rig count rose one unit to 103 in the week, the first increase since March 15.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 586 499 496 (3) (90)
Gas 141 102 103 1+ (38)
Oil & Gas 727 601 599 (2) (128)

Changes in the number of platforms - USA

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
82.62
(0.13) (0.16 %)
Nymex
78.45
(0.17) (0.22 %)
Natural Gas
2.88
(0.08) (2.67 %)
Gold
2,349.10
31.10 1.34 %
Silver
29.47
0.41 1.40 %
High Grade Copper
4.50
0.01 0.30 %
Iron Ore
107.33
0.21 0.20 %
Aluminum
2,472.00
(36.50) (1.47 %)
LEAD
2,153.00
(9.50) (0.44 %)
Zinc
2,790.50
(79.50) (2.77 %)
Steel
720.00
(10.00) (1.36 %)
Wheat (CBOT)
612.60
(7.20) (1.16 %)
Corn (CBOT)
450.00
(8.40) (1.83 %)
Coffee (ICEUS)
224.40
(1.85) (0.82 %)
Whole Milk Powder
4,137.50
125.00 3.02 %
Skim Milk Powder
2,712.50
100.00 3.69 %
Refining margins
10.10
0.58 6.09 %
VLCC "Spot"
-
- -
LPG (mt) ($)
-
- -
Fujairah Fuel Pric (mt) ($)
-
- -
VLCC "TC/1Year" ($)
-
- -
MR Atlantic ($)
-
- -
Dry Bulk Panamax ($)
-
- -

Commodity Prices

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