WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News October 23, 2020  U.S. rigs were up 5 for the week. Rigs targeting oil gained 6, gas rigs were down 1 and unclassified rigs were unchanged. Canadian rig count was up 3. Oil was up 2 and gas drilling was up 1. International rig count for August is up 4. 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 October 23, 2020
NYMEX Light Sweet Crude
-0.79
$39.85
ICE Brent -0.69
$41.77
RBOB Gasoline NY Harbor
-0.0192
$1.1389
Heating Oil NY Harbor
-0.0094
$1.1513
NYMEX Natural Gas
-0.036
$2.971
 
Links to Oil, Gas, Energy Prices, News & Issues:
Crude Oil and Natural Gas Rig Count: U.S. +5, Canada +3 and International +4
US ELECTIONS: Trump, Biden spar on climate, fossil fuels at final debate
Tightening gas-market fundamentals lift Henry Hub 2021 forwards to 4-year high
Russia's Putin: rollover on oil output curbs possible
Energy prices edge higher after better-than-expected US jobs data
Honeymoon over? Saudi Arabia-U.S. ties face reset with Biden win
Worried about weak oil demand, OPEC pledges action
Oil rises on U.S. stimulus hopes, but Covid-19 cases keep gains in check
Libya pumps over 500,000 b/d: sources
OPEC+ vows to stabilize oil market amid 'material' demand recovery slowdown
OPEC+ JMMC says oil market still unstable
An idle Venezuelan tanker with millions of gallons of oil is creating panic in Trinidad
Oil industry turns to mergers and acquisitions to survive
Precarious Outlook: MENA oil exporters' revenues to head south
Libyan oil output reaches 500,000 barrels per day as industry restarts
Conoco agrees to $9.7 billion Concho Resources purchase
OPEC+ to discuss weakening oil demand outlook
China's Sept refinery output eases from highs
China faces coal shortage as import restrictions, tighter environmental checks begin to bite
Oil ends lower as Europe lockdowns feed demand concerns, but prices nearly erase losses as weekly U.S. supplies drop+
Coronavirus fallout spurs M&A across US oil and gas sector
US court rules in favor of Citgo bondholders
US Gulf CHOPS pipeline unlikely to start before mid-Nov
US crude exports hit 14-month-low amid weak export demand
Declining crude inventories cushion oil price fall
30 Percent of US GOM Oil Output Still Offline
Oil Drilling in Russia Could Fall 20% Next Year
OPEC+ confronts bearish oil outlook, as talk of extending output cuts grows
OIL FUTURES: Crude tests six-week highs as fundamental outlooks tighten
Russia says OPEC+ will continue to roll back its production cuts
Phillips 66ís Lake Charles refining complex nearing restart

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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Copyright © 1996-2020 by James L. Williams
 
James L. Williams
WTRG Economics 
P.O. Box 250
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Phone: (479) 293-4081
 
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