07/07/2023
Argaam Exclusive
The US drilling rig count decreased by five units to 540 in the week ended July 7, General Electric Co.’s Baker Hughes energy services firm said in its closely followed report on Friday.
Meanwhile, the gas rig count increased by 11 to 135 in the week.
Oil and gas exploration platforms – USA
Item
Year Before
Last Week
Current
Weekly Change
Yearly Change
No. of Rig Count
597
545
540
(5)
(57)
Gas
153
124
135
11+
(18)
Oil & Gas
750
669
675
6+
(75)
Changes in the number of platforms – USA
Commodities
Name
Price
Change (value)Change (%)
Brent Crude Oil
78.47
1.95
2.55 %
Natural Gas
2.58
(0.03)
(1.02 %)
Gold
1,932.50
17.10
0.89 %
High Grade Copper
3.78
0.05
1.27 %
Iron Ore
110.54
(1.73)
(1.57 %)
Aluminum
2,135.25
11.25
0.53 %
Zinc
2,355.50
(13.50)
(0.57 %)
Steel
898.00
19.00
2.13 %
Wheat (CBOT)
649.50
(8.00)
(1.22 %)
Corn (CBOT)
494.50
(12.00)
(2.37 %)
Coffee (ICEUS)
160.90
0.45
0.28 %
Whole Milk Powder
3,812.50
0.00
0.00 %
Skim Milk Powder
2,662.50
(50.00)
(1.88 %)
Refining margins
18.50
(0.40)
(2.12 %)
Fujairah Fuel Pric (mt) ($)
–
–
–
Dry Bulk Panamax ($)
–
–
–
VLCC “TC/1Year” ($)
–
–
–
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