WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News September 25, 2020  U.S. rigs were up 6 for the week. Rigs targeting oil were gained 4, gas rigs were up 2 and unclassified rigs were unchanged. Canadian rig count was up 7. Oil was up 4 and gas drilling gained 3 rigs.. 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 September 30, 2020
NYMEX Light Sweet Crude
+0.93
$40.22
ICE Brent -0.08
$40.95
RBOB Gasoline NY Harbor
-0.0009
$1.2008
Heating Oil NY Harbor
+0.0364
$1.1454
NYMEX Natural Gas
-0.034
$2.527
 
Links to Oil, Gas, Energy Prices, News & Issues:
U.S. oil refiner Marathon Petroleum cuts 12% of staff because of pandemic
Oil traders doubt OPEC will boost output as planned in 2021, citing bearish signals
Threat of US sanctions on Venezuela has Reliance buying Canadian cr
As U.S. drilling plummets to 122-year low, losses may intensify in second half
Obituary: Kuwaiti emir Sheikh Sabah al-Ahmad al-Sabah
Iranian fuel tanker enters Venezuelan waters
Oil Steady Above $40 With U.S. Fuel Stockpiles Seen Declining
Crude Oil and Natural Gas Rig Count: U.S. +6, Canada +7 and International +4

U.S. refiners bringing diesel stocks under control: Kemp
Oil steady as market eyes coronavirus hit to demand
ConocoPhillips sees global oil demand returning
Iranian tanker violates U.S. sanctions again, carrying Venezuelan crude on the return trip
Libya eyes 260,000 b/d as Opec+ keeps watch
Fresh blackout sweeps Venezuela
Africa Is The Undeniable Final Frontier For Oil
US refined product stocks fall as hurricanes, maintenance slow refinery runs
Dallas Fed survey finds two-thirds of upstream execs think US oil output has peaked
What to expect as Libya’s oil industry kicks into gear, yet again
UAE nuclear energy plant Unit 1 reaches 50% power capacity
U.S. drilling total for 2020 will be lowest in more than 80 years
U.S. drivers’ mileage in July falls to lowest for the month since 2012: Department of Transportation
U.S., Guyana to launch joint maritime patrols near disputed Venezuela border
Libya shapes up for production reboot; outlook choppy
Oil and gas project sanctioning set to exceed pre-COVID-19 levels from 2022
Oil refiners worldwide struggle with weak demand, inventory glut
Hedge fund selling slows ahead of Saudi warning: Kemp
Pemex sees plunge in oil exports while supplying AMLO’s refinery
U.S. Seeks Stricter Funding Rules for Abandoned Offshore Oil Wells
Turkey Finds Enormous Gas Field In The Black Sea — But Tricky Process Ahead
OPEC and non-OPEC allies urge ‘full conformity’ with production cuts as oil prices falter

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 
P.O. Box 250
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Phone: (479) 293-4081
 
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