2024-01-11 06:30:00
WORLDWIDE RIG COUNT DOWN 55 TO 1,739
BAKER HUGHES - January 5, 2024 -
International Rig Count is down 23 rigs from last month to 955 with land rigs down 23 to 735, offshore rigs unchanged at 220.
International Rig Count is up 55 rigs from last year's count of 900, with land rigs up 51, offshore rigs up 4.
The average U.S. Rig Count for December was 623 up 4 from last month and down 156 year-over-year.
The average Canada Rig Count for December was 161 down 36 rigs from last month count of 197 and up 6 year-over-year.
The Worldwide Rig Count for December was 1,739, down 55 from the 1,794 counted in November 2023, and down 95, from the 1,834 counted in December 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. | 05 Jan 2024 |
621 | -1 | 29 Dec 2023 |
-151 | 06 Jan 2023 |
| Canada | 05 Jan 2024 |
125 | +39 | 29 Dec 2023 |
-64 | 06 Jan 2023 |
| International | Dec 2023 |
955 | -23 | Nov 2022 |
+55 | Dec 2022 |
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Earlier:
2024, January, 9, 07:00:00
OIL PRICE: BRENT ABOVE $76, WTI NEAR $71
Brent frose 18 cents, or 0.2%, to $76.30 a barrel. WTI inched up 0.1%, or 6 cents, to $70.83 a barrel.
2023, December, 6, 06:15:00
WORLDWIDE RIG COUNT UP 17 TO 1,794
The Worldwide Rig Count for November was 1,794, up 17 from the 1,777 counted in October 2023, and down 96, from the 1,890 counted in November 2022.
2023, November, 27, 06:55:00
OPEC+ ONLINE MEETING
With global oil demand set to moderate in the first quarter of 2024, the OPEC+ alliance appears set to extend its production cuts, though the duration is yet to be determined, analysts say. As well, deeper cuts could be considered, some OPEC+ officials have hinted.
2023, November, 17, 06:50:00
OIL PRICES 2023-24: $90 - $93
The Brent crude oil price will increase from an average of $90 per barrel (b) in the fourth quarter of 2023 to an average of $93/b in 2024.
2023, October, 13, 06:50:00
OIL PRICES 2023-24: $84 - $95
The Brent spot price increasing to average $95 per barrel (b) in 2024.
2023, September, 12, 08:20:00
WORLDWIDE RIG COUNT DOWN 32 TO 1,788
The Worldwide Rig Count for August was 1,788, down 32 from the 1,820 counted in July 2023, and down 37, from the 1,825 counted in August 2022.
2023, August, 11, 06:50:00
OPEC+: TO THE END OF 2024
The committee reaffirmed the commitment of its member countries to the DoC which extends to the end of 2024 as agreed in the 35th OPEC and non-OPEC Ministerial Meeting (ONOMM) on 4th of June 2023.
