WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News June 17, 2022  U.S. rigs were up 7 for the week. Rigs targeting oil were up 4, gas rigs up 3 and unclassified rigs were unchanged. Canadian rig count was up 15 rigs. Oil is up 10, gas drilling up 5 and unclassified rigs unchanged. International rig count for March is up 14. Follow the link for detailed tables and graphs.
Oil Futures Price Went Negative Excerpts from our Energy Economist newsletter looking at the first time in history that oil futures closed with a negative price: "I'll pay you $40 per barrel if you take my crude -  April 21, 2020."
Subscribe to WTRG's Energy Economist Newsletter - In-depth analysis, information and forecasts. In addition to OPEC and crude oil prices, gasoline and natural gas prices, topics include regional, national and international exploration, production and consumption. Details and subscription information.
Energy Blog:
Coal, CO2 and Limitations of Energy Policy

Oil Price History and Analysis - 1869 - 2011. This history of oil prices has 152 years of oil prices and the economic and political events that shaped the price: wars, economy, domestic policy, embargoes, OPEC and price controls.
Measures of Petroleum Dependence and Vulnerability in OECD Countries Examines energy security, petroleum dependence, and petroleum vulnerability of the major consuming countries.  Originally published in Middle East Economic Survey
The Coming Energy Crisis? Parallels with earlier energy crises underscore US vulnerability to oil supply shocks today. This summary of our research appeared in the Oil and Gas Journal the first in a series on Global Energy Security. 

Venezuela Once again a nation in crisis, possibly facing civil war with dire implications for oil prices.
OPEC Issues and Analysis: Articles written over several years analyzing the decisions faced by the Organization of Petroleum Exporting Countries.
National Energy Policy - The report to the President.
Links to oil, gas and general energy news and information
About WTRG Economics.Our products and services
Projects A brief list of some of the projects done by WTRG and its associates.
Crude Oil, Gasoline and Natural Gas Futures Prices

NYMEX Prices for June 24, 2022
NYMEX Light Sweet Crude
+3.35
$107.62
ICE Brent +3.07
$113.07
RBOB Gasoline NY Harbor
+0.1192
$3.8848
Heating Oil NY Harbor
+0.0250
$4.3629
NYMEX Natural Gas
-0.019 $6.220
 
Links to Oil, Gas, Energy Prices, News & Issues:
As Russia cuts gas, coal makes a comeback in Europe
Operators look for new ways to increase output from existing shale wells
A letter to President Biden from Chevron CEO Mike Wirth
Libya’s oil production up to 800,000 barrels a day, minister says
CNN and CNBC call out democrats over gasoline  -prices and energy investment
U.S. rotary rigs +7 and Canada +15

OPEC+ debating next move as U.S. presses for more oil
Environmental groups sue Biden to block oil and gas drilling permits
Biden criticizes U.S. oil refiners as profits soar
Oil price rebounds as new Iran sanctions fuel more supply concerns
US should produce more to ease oil market tightness, says OPEC's secretary general
US targets Chinese, UAE companies in new Iran sanctions
Trade groups respond to President Biden’s letter to U.S. refiners
$7 billion federal loan program brightens future for aging US dams

The EU and UK’s plan to ban insurance for tankers carrying Russian oil is a bad idea
UK begins pivot from renewables with refocus on domestic oil, gas investments
Oil prices face big volatility as spare capacity dries up
UAE Says Oil Prices Are Nowhere Near Peak Yet
Stagflation Risk Rises Amid Sharp Slowdown in Growth
U.S. liquefied natural gas (LNG) exports to Europe increased during the first 4 months of 2022
Iran Might Get US OK To Flow More Oil Even Without Nuclear Deal
Oil bulls emboldened by EU sanctions and China easing lockdowns
EU Bans New Insurance of Ships Carrying Russian Oil
Workforce Woes: Labor Shortage in the Oil Patch
OPEC+ hiking oil supply, heeding U.S. but keeping Russia onside
Drill pipe shortages causing headaches for US producers
EIA: US crude inventories down 5.1 million bbl
OPEC+ seen sticking with supply plan even as EU sanctions Russia
OPEC Reportedly Discusses Exempting Russia From Oil Targets—Possibly Setting Stage For Boost In Output
Multi-stage Texas geothermal well to debut oilfield completion technologies (
High Tech Alert)
Analysts say natural gas could go even higher after breaking 14 year record
World's Oil-Growth Engine Is About to Slow Despite $100 Crude
62m barrels of Russia's crude oil stuck at sea
Germany to Bring Back Coal Power Plants If Russia Cuts Off Gas
China’s diminished appetite for imported oil and gas
Discounted Russian crudes entice China independents, no rush on SPR purchases

Graphs Oil and Natural Gas Prices
Futures Prices Spot Prices
NYMEX Crude Oil Brent & WTI Cushing
Brent Crude Oil Brent / WTI Price Spread
RBOB Gasoline WTI Cushing, Oklahoma
Heating Oil Brent Spot
NYMEX Natural Gas Gasoline - New York Harbor

Heating Oil - New York Harbor

Natural Gas Henry Hub Louisiana
 
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James L. Williams
WTRG Economics 
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