2024-04-12 06:20:00
WORLDWIDE RIG COUNT DOWN 20 TO 1,793
BAKER HUGHES - April 5, 2024 -
International Rig Count is up 13 rigs from last month to 971 with land rigs up 1 to 736, offshore rigs up 12 to 235.
International Rig Count is up 41 rigs from last year's count of 930, with land rigs up 34, offshore rigs up 7.
The average U.S. Rig Count for March was 625 up 3 from last month and down 127 year-over-year.
The average Canada Rig Count for March was 197 down 36 rigs from last month count of 232 and up 1 year-over-year.
The Worldwide Rig Count for March was 1,793, down 20 from the 1,813 counted in February 2024, and down 86,from the 1,878 counted in March 2023.
| 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 Apr 2024 |
620 | -1 | 28 Mar 2024 |
-131 | 31 Mar 2023 |
| Canada | 05 Apr 2024 |
136 | -15 | 28 Mar 2024 |
+9 | 31 Mar 2023 |
| International | Mar 2024 |
971 | +13 | Feb 2024 |
+41 | Mar 2023 |
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Earlier:
2024, April, 8, 07:00:00
OIL PRICE: BRENT NEAR $90, WTI ABOVE $86
Brent dropped $1.42, or 1.6%, to $89.75 a barrel, WTI was at $85.59 a barrel, down $1.32, or 1.5%.
2024, April, 8, 06:50:00
OPEC+ HIGH CONFORMITY
The Committee also welcomed the announcement by the Russian Federation that its voluntary adjustments in the second quarter of 2024 will be based on production instead of exports.
2024, March, 7, 06:55:00
OPEC+ VOLUNTARY CUTS
These voluntary cuts are calculated from the 2024 required production level as per the 35th OPEC Ministerial Meeting held on June 4, 2023, and are in addition to the voluntary cuts previously announced in April 2023 and later extended until the end of 2024.
2024, March, 7, 06:50:00
OPEC+: HARD DECISION
These curbs on supply have helped prop up the price of crude for the past 18 months but left Saudi Arabia, which has cut its production by 2mn barrels a day, shouldering most of the cost.
2024, February, 9, 06:45:00
OPEC + RUSSIA COHESION
The Committee will continue to closely assess market conditions. Building on the strong cohesion between OPEC and participating non-OPEC oil-producing countries,
2024, January, 11, 06:30:00
WORLDWIDE RIG COUNT DOWN 55 TO 1,739
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.
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.
