2023-08-11 06:25:00
WORLDWIDE RIG COUNT UP 20 TO 1,820
BAKER HUGHES - August 4, 2023 - International Rig Count is down 6 rigs from last month to 961 with land rigs down 12 to 730, offshore rigs up 6 to 231.
International Rig Count is up 128 rigs from last year's count of 833, with land rigs up 97, offshore rigs up 31.
The average U.S. Rig Count for July was 673 down 14 from last month and down 83 year-over-year.
The average Canada Rig Count for July was 186 up 40 rigs from last month count of 146 and unchanged year-over-year.
The Worldwide Rig Count for July was 1,820, up 20 from the 1,800 counted in June 2023, and up 45, from the 1,775 counted in July 2022.
| Area | Last Count | Count | Change from Prior Count | Date of Prior Count | Change from Last Year | Date of Last Year's Count |
| U.S. | 04 August 2023 |
659 | -5 | 28 July 2023 |
-105 | 05 August 2022 |
| Canada | 04 August 2023 |
188 | -5 | 28 July 2023 |
-15 | 05 August 2022 |
| International | July 2023 |
961 | -6 | June 2023 |
+128 | July 2022 |
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Earlier:
2023, August, 4, 07:00:00
OIL PRICE: BRENT ABOVE $85, WTI NEAR $82
Brent rose 10 cents, or 0.1%, to $85.24 a barrel, WTI rose 17 cents, or 0.2%, to $81.72.
2023, August, 4, 06:55:00
RUSSIAN OIL CAP
The G7, the European Union and Australia imposed the $60 per barrel cap last December on sea-borne exports of Russian crude in retaliation for Russia’s war on Ukraine.
2023, July, 14, 06:15:00
WORLDWIDE RIG COUNT UP 17 TO 1,800
The Worldwide Rig Count for June was 1,800, up 17 from the 1,783 counted in May 2023, and up 94, from the 1,706 counted in June 2022.
2023, July, 7, 07:00:00
OIL PRICE: BRENT NEAR $77, WTI NEAR $72
Brent were up 20 cents, or 0.3%, at $76.72 a barrel, WTI gained 19 cents, also 0.3%, to $71.99 a barrel.
2023, July, 7, 06:53:00
OPEC+ STABILIZE MARKET
UAE energy minister Suhail al-Mazrouei said the voluntary OPEC+ cuts would bear fruit soon and blamed the current market malaise on the disconnect between physical and paper traders.
2023, June, 9, 06:00:00
WORLDWIDE RIG COUNT DOWN 25 TO 1,783
The Worldwide Rig Count for May was 1,783, down 25 from the 1,808 counted in April 2023, and up 155, from the 1,628 counted in May 2022.
2023, April, 7, 07:30:00
OPEC+: (- 3.6) MBD
This will bring the total additional voluntary production adjustments by the above-mentioned countries to 1.66 million b/d.
