‎US rig count hits lowest in 30 months: Baker Hughes

28/06/2024
Argaam Exclusive

The US drilling rig count fell for the fifth straight week, declining six units to 479 in the week ended June 28, Baker Hughes energy services firm said in its closely followed report on Friday.

This is the lowest level since Dec. 17, 2021, when the rig count reached 475.

Meanwhile, the gas rig count fell one unit to 97 in the week, the lowest level since June 11, 2021 (96 units).

Oil and gas exploration platforms – USA

Item
Year Before
Last Week
Current
Weekly Change
Yearly Change

No. of Rig Count
545
485
479
(6)
(66)

Gas
124
98
97
(1)
(27)

Oil & Gas
669
583
576
(7)
(93)

Changes in the number of platforms – USA

Name

Price

Change (value)Change (%)

Brent Crude Oil

85.00

(0.26)

(0.30 %)

Nymex

81.54

(0.20)

(0.24 %)

Natural Gas

2.60

(0.08)

(3.11 %)

Gold

2,339.60

3.00

0.13 %

High Grade Copper

4.39

0.04

0.99 %

Iron Ore

106.51

(0.05)

(0.05 %)

Aluminum

2,493.50

35.25

1.44 %

LEAD

2,221.50

36.50

1.67 %

Zinc

2,936.50

(7.50)

(0.25 %)

Steel

674.00

(2.00)

(0.29 %)

Wheat (CBOT)

573.40

(6.00)

(1.04 %)

Corn (CBOT)

420.60

(13.00)

(3.00 %)

Coffee (ICEUS)

226.80

0.45

0.20 %

Whole Milk Powder

4,112.50

(25.00)

(0.61 %)

Skim Milk Powder

2,662.50

(50.00)

(1.88 %)

Refining margins

7.37

1.50

25.55 %

Fujairah Fuel Pric (mt) ($)

–

–
–

VLCC “TC/1Year” ($)

–

–
–

Dry Bulk Panamax ($)

–

–
–

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/reports/rigcountssummary/42153?preview=true