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) ($)
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VLCC “TC/1Year” ($)
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Dry Bulk Panamax ($)
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