03/05/2024
Argaam Exclusive
The US drilling rig count fell seven units to 499 in the week ended May 3, Baker Hughes energy services firm said in its closely followed report on Friday.
This is the biggest decline since Nov. 3, 2023, when it fell by eight units.
Meanwhile, the gas rig count fell three units to 102 in the week, its lowest level since Nov. 5, when it dropped by 100 units.
Oil and gas exploration platforms – USA
Item
Year Before
Last Week
Current
Weekly Change
Yearly Change
No. of Rig Count
588
506
499
(7)
(89)
Gas
157
105
102
(3)
(55)
Oil & Gas
745
611
601
(10)
(144)
Changes in the number of platforms – USA
Name
Price
Change (value)Change (%)
Brent Crude Oil
82.96
(0.71)
(0.85 %)
Nymex
78.11
(0.84)
(1.06 %)
Natural Gas
2.14
0.11
5.27 %
Gold
2,308.60
(1.00)
(0.04 %)
Silver
26.69
(0.14)
(0.52 %)
High Grade Copper
4.56
0.07
1.61 %
Iron Ore
118.03
(0.05)
(0.04 %)
Aluminum
2,546.00
21.50
0.85 %
LEAD
2,215.00
24.00
1.10 %
Zinc
2,906.00
1.00
0.03 %
Steel
796.00
(3.00)
(0.38 %)
Wheat (CBOT)
622.50
18.20
3.02 %
Corn (CBOT)
460.25
0.40
0.09 %
Coffee (ICEUS)
200.75
(5.35)
(2.60 %)
Whole Milk Powder
3,887.50
12.50
0.32 %
Skim Milk Powder
2,525.00
(50.00)
(1.98 %)
Refining margins
11.64
1.76
17.81 %
Fujairah Fuel Pric (mt) ($)
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–
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VLCC “TC/1Year” ($)
–
–
–
Dry Bulk Panamax ($)
–
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