US oil rig count rises to 417: Baker Hughes

05/12/2025 Argaam Exclusive

The number of oil rigs in the US increased by six to 413 for the week ended Dec. 5, Baker Hughes data showed. Last week, the number of oil rigs dropped to an over four-year low.

 

On the other hand, the number of natural gas rigs decreased by one to 129 during the same week.

 

The increase in the number of active drilling rigs points to the possibility of higher future supply, at a time when concerns are rising over a potential global surplus next year, especially as US crude production continues to post record monthly levels.

Oil and gas exploration platforms - USA

Item Year Before Last Week Current Weekly Change Yearly Change
No. of Rig Count 482 407 413 6+ (69)
Gas 102 130 129 (1) 27
Oil & Gas 584 537 542 5+ (42)

Changes in the number of platforms - USA

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
63.75
0.49
0.77 %
Nymex
60.08
0.41
0.69 %
Natural Gas
5.29
0.23
4.45 %
Gold
4,243.00
0.00
0.00 %
Silver
58.39
1.25
2.19 %
High Grade Copper
5.46
0.09
1.65 %
Iron Ore
107.24
(0.64)
(0.60 %)
Aluminum
2,908.75
(1.00)
(0.03 %)
LEAD
2,009.00
(5.50)
(0.27 %)
Zinc
3,098.50
16.00
0.52 %
Steel
925.00
0.00
0.00 %
Wheat (CBOT)
535.75
(4.60)
(0.85 %)
Corn (CBOT)
444.75
(2.60)
(0.58 %)
Coffee (ICEUS)
374.85
(6.10)
(1.62 %)
Whole Milk Powder
3,850.00
(175.00)
(4.55 %)
Skim Milk Powder
2,425.00
0.00
0.00 %
Refining margins
11.90
(1.89)
(13.71 %)
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-
المزيد

Commodity Prices

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