Crude oil, Gas prices today
London, August 12, 2024, (Oilandgaspress) –– Media reports continue to expect that an Iranian strike on Israel is likely to happen soon which could push up oil prices even more. The fears of a U.S. recession were overblown by media. Global oil demand, including in the United States, is currently playing catch-up with forecasts, according to Reuters’s calculations of government data.
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $77.47 | Up |
| Crude Oil (Brent) | USD/bbl | $80.14 | Up |
| Bonny Light 09/08/24 | USD/bbl | $82.80 | Down |
| Dubai | USD/bbl | $77.50 | — |
| Natural Gas | USD/MMBtu | $2.23 | Up |
| Murban Crude | USD/bbl | $78.96 | Up |
| OPEC basket 09/08/24 | USD/bbl | $78.05 | Up |
U.S. Rig Count is up 2 from last week to 588 with oil rigs up 3 to 485, gas rigs down 1 to 97 and miscellaneous rigs unchanged at 6.
Canada Rig Count is down 2 from last week to 217, with oil rigs down 3 to 147, gas rigs unchanged at 69 and miscellaneous rig up 1.
International Rig Count is down 23 rigs to 934
The Worldwide Rig Count for July was 1,713, up 7 from the 1,707 counted in June 2024, and down 106, from the 1,819 counted in July 2023.
| Region | Period | Rig Count | Change |
| U.S.A | 09 August 2024 | 588 | +2 |
| Canada | 09 August 2024 | 217 | -2 |
| International | July 2024 | 934. | -23 |
