Baker Hughes says US oil rig count declines for 2nd week

09/05/2025 Argaam Exclusive

The US drilling rig count decreased by five week-on-week to 474 in the week ended May 9, according to Baker Hughes.

This marked a decline for the second straight week.

Meanwhile, the gas rig count remained unchanged at 101.

Oil and gas exploration platforms - USA

Item	Year Before	Last Week	Current	Weekly Change	Yearly Change
No. of Rig Count	496	479	474	(5)	(22)
Gas	103	101	101	0	(2)
Oil & Gas	599	580	575	(5)	(24)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

71.55

(0.23)

(0.32 %)

Nymex

69.20

(0.03)

(0.04 %)

Natural Gas

3.10

0.00

0.10 %

Gold

3,292.11

2.60

0.08 %

Silver

36.68

(0.04)

(0.10 %)

High Grade Copper

4.41

0.05

1.17 %

Iron Ore

99.86

(2.18)

(2.18 %)

Aluminum

2,532.50

(53.50)

(2.08 %)

LEAD

1,962.00

(7.50)

(0.38 %)

Zinc

2,751.50

(10.50)

(0.38 %)

Steel

842.00

(18.00)

(2.11 %)

Wheat (CBOT)

525.25

2.40

0.46 %

Corn (CBOT)

414.50

0.60

0.15 %

Coffee (ICEUS)

295.80

2.40

0.81 %

Whole Milk Powder

5,037.50

(50.00)

(0.99 %)

Skim Milk Powder

2,775.00

(37.50)

(1.35 %)

Refining margins

11.05

(2.88)

(20.67 %)

VLCC "Spot"

LPG (mt) ($)

Fujairah Fuel Pric (mt) ($)

VLCC "TC/1Year" ($)

المزيد

Commodity Prices

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