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‎US rig count falls to lowest since January 2022: Baker Hughes

November 4, 2023
in Business
‎US rig count falls to lowest since January 2022: Baker Hughes
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03/11/2023
Argaam Exclusive

The US drilling rig count decreased in the week ended Nov. 3, Baker Hughes energy services firm said in its closely followed report on Friday.

The drilling rigs dropped by eight to 496, the lowest level since Jan. 28, 2022.

Meanwhile, the gas rig count rose by one unit to 118 in the week.

Oil and gas exploration platforms – USA

Item
Year Before
Last Week
Current
Weekly Change
Yearly Change

No. of Rig Count
613
504
496
(8)
(117)

Gas
155
117
118
1+
(37)

Oil & Gas
768
621
614
(7)
(154)

Changes in the number of platforms – USA

Commodities

Name

Price

Change (value)Change (%)

Brent Crude Oil

84.89

(1.96)

(2.25 %)

Nymex

80.51

(1.95)

(2.36 %)

Natural Gas

3.52

0.04

1.23 %

Gold

1,999.20

5.70

0.29 %

High Grade Copper

3.68

0.01

0.24 %

Iron Ore

126.15

0.58

0.46 %

Aluminum

2,249.25

21.75

0.98 %

LEAD

2,172.50

44.50

2.09 %

Steel

988.00

(4.00)

(0.40 %)

Wheat (CBOT)

572.50

7.00

1.24 %

Corn (CBOT)

477.25

7.20

1.53 %

Coffee (ICEUS)

170.90

5.60

3.36 %

Whole Milk Powder

3,725.00

75.00

2.01 %

Skim Milk Powder

2,762.50

137.50

4.98 %

Refining margins

4.75

1.34

39.30 %

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/37506?preview=true

Tags: businesscount‎US
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