06/10/2023
Argaam Exclusive
The US oil rigs declined by five to 497 in the week ended Oct. 6, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.
This marks the lowest level since Jan. 28, 2022, when the US oil rig count reached 495.
Meanwhile, gas rigs increased by two to reach 118.
Oil and gas exploration platforms – USA
Item
Year Before
Last Week
Current
Weekly Change
Yearly Change
No. of Rig Count
602
502
497
(5)
(105)
Gas
158
116
118
2+
(40)
Oil & Gas
760
618
615
(3)
(145)
Changes in the number of platforms – USA
Commodities
Name
Price
Change (value)Change (%)
Brent Crude Oil
84.58
0.51
0.60 %
Natural Gas
3.34
0.17
5.40 %
Gold
1,845.20
13.40
0.73 %
High Grade Copper
3.63
0.08
2.12 %
Iron Ore
117.74
0.32
0.27 %
Aluminum
2,239.25
9.00
0.40 %
Steel
770.00
(10.00)
(1.30 %)
Wheat (CBOT)
568.25
(10.00)
(1.74 %)
Corn (CBOT)
492.00
(5.40)
(1.09 %)
Coffee (ICEUS)
146.05
0.65
0.45 %
Whole Milk Powder
3,550.00
(12.50)
(0.35 %)
Skim Milk Powder
2,462.50
87.50
3.55 %
Refining margins
7.02
(3.25)
(31.65 %)
Fujairah Fuel Pric (mt) ($)
–
–
–
VLCC “TC/1Year” ($)
–
–
–
Dry Bulk Panamax ($)
–
–
–
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