Energy News; Brent $72.53/bbl, WTI Crude $68.30/bbl,Gas $2.44/MMBtu
October 28, 2024, London, (Oilandgaspress) ––Crude oil prices began the week with a loss, after Israel’s retaliatory strike against Iran failed to inflict substantial enough damage, according to the Iranian side, thus reducing the risk of another flare-up in violence. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $68.30 | Down |
| Crude Oil (Brent) | USD/bbl | $72.53 | Down |
| Bonny Light 25/10/24 , CBN | USD/bbl | $75.51 | Down |
| Dubai | USD/bbl | $75.23 | Down |
| Natural Gas | USD/MMBtu | $2.44 | Down |
| Murban Crude | USD/bbl | $71.57 | Down |
| OPEC basket 25/10/24 | USD/bbl | $73.81 | Down |
Baker Hughes Rig Count: U.S. unchanged at 585 Canada -1 to 216
U.S. Rig Count is unchanged from last week at 585 with oil rigs down 2 to 480, gas rigs up 2 to 101 and miscellaneous rigs unchanged at 4.
Canada Rig Count is down 1 from last week to 216, with oil rigs down 3 to 150, gas rigs up 2 to 66 and miscellaneous rigs unchanged at 0.
International Rig Count is up 16 rigs from last month to 947 with land rigs up 15 to 735, offshore rigs up 1 to 212.
The U.S. Offshore Rig Count is unchanged at 18, down 6 year-over-year.
The Worldwide Rig Count for September was 1,751, up 15 from the 1,735 counted in August 2024, and down 8, from the 1,759 counted in September 2023.
| Region | Period | Rig Count | Change |
| U.S.A | 24 October 2024 | 585 | — |
| Canada | 24 October 2024 | 216 | -1 |
| International | September 2024 | 947. | +16 |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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