22/09/2023
Argaam Exclusive
The US oil rigs declined by eight to 507 in the week ended Sept. 22, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.
This marks the lowest level since Feb. 4, 2022.
Meanwhile, gas rigs decreased by three to reach 118.
Oil and gas exploration platforms – USA
Item
Year Before
Last Week
Current
Weekly Change
Yearly Change
No. of Rig Count
602
515
507
(8)
(95)
Gas
160
121
118
(3)
(42)
Oil & Gas
762
636
625
(11)
(137)
Changes in the number of platforms – USA
Commodities
Name
Price
Change (value)Change (%)
Brent Crude Oil
93.27
(0.03)
(0.03 %)
Natural Gas
2.64
0.03
1.03 %
Gold
1,945.60
6.00
0.31 %
High Grade Copper
3.70
0.00
0.00 %
Iron Ore
121.33
(0.36)
(0.30 %)
Aluminum
2,240.00
26.75
1.20 %
LEAD
2,204.00
20.00
0.92 %
Steel
729.00
14.00
1.96 %
Wheat (CBOT)
579.50
3.60
0.62 %
Corn (CBOT)
477.25
2.00
0.42 %
Coffee (ICEUS)
151.15
(3.70)
(2.39 %)
Whole Milk Powder
3,650.00
(62.50)
(1.71 %)
Skim Milk Powder
2,375.00
(62.50)
(2.63 %)
Refining margins
17.00
0.00
0.00 %
Fujairah Fuel Pric (mt) ($)
–
–
–
VLCC “TC/1Year” ($)
–
–
–
Dry Bulk Panamax ($)
–
–
–
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