WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News May 7, 2021  U.S. rigs were up 8 for the week. Rigs targeting oil were up 2, gas rigs up 7 and unclassified rigs were down 1. Canadian rig count was up 4.. Oil is up 2 and gas drilling is up 2. 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 May 11, 2021
NYMEX Light Sweet Crude
+0.36
$64.92
ICE Brent  +0.23
$68.55
RBOB Gasoline NY Harbor
+0.0065
$2.1399
Heating Oil NY Harbor
+0.0251
$2.0417
NYMEX Natural Gas
+0.023 $2.955
 
Links to Oil, Gas, Energy Prices, News & Issues:
Pipeline Attack: 'Time for a Disproportionate Response'
CEO of Hacked Colonial Pipeline Warned State Officials
Some Colonial Pipeline laterals open but mainlines remain down
Venezuela needs $58 billion to restore crude output to 1998 levels - document
Here’s what the Colonial Pipeline cyberattack means for energy markets
Media Statement Update: Colonial Pipeline System Disruption
Cyberattack disrupts Colonial Pipeline, which transports 100 million gallons of fuel daily
Colonial Pipeline Shuts Down after Cyber Attack
Crude Oil and Natural Gas Rig Count: U.S. +8, Canada +4 and International +14

Oil prices set for weekly gain despite India virus surge
US says Iran sanctions relief is possible
Brazil's Petrobras to offer natural gas contracts tied to U.S. benchmark
Crude price climb to continue 2-3 years: Sheffield
Iran oil sanctions relief expected in months if Vienna talks result in deal
Pioneer's CEO says consolidation needed to quell U.S. shale production
Crude hits 7-week high on bullish demand outlooks
Battered North Dakota oil sector waits for Dakota Access ruling, Interior leasing review (audio)
Green Plains Announces Additional Locations for World’s Largest Carbon Capture and Sequestration Project
US eyes major rollback in Iran sanctions to revive nuke deal
Biden administration allows Dakota Access to keep operating, for now
OPEC+ confirms small supply hike as demand for oil rebounds
Crude settles at one-week high as OPEC+ sees improving market conditions
US Interior approves more than 500 drilling permits during leasing ban: BLM deputy
Rangebound oil prices leave funds on sidelines
Crude Oil Prices Fall as India Worries Overshadow OPEC Expert Meeting
OPEC+ oil cut compliance at 113% in March, sources say
Canada tries to keep U.S. oil pipeline open
U.S. Appeals Court Denies Dakota Access Pipeline Rehearing Request
U.S. exploration and production companies are issuing new debt and equity
The ecological impacts of battery electric vehicles (well researched)
OPEC says NOPEC bill could put U.S. overseas assets, personnel at risk
U.S. House panel advances bill allowing anti-trust suits against OPEC
Libya's oil production short 300,000 barrels per day due to debt

Here’s what countries pledged on climate change at Biden’s global summit
U.S. Makes ‘Game Changing’ Pledge at Climate Summit to Cut Emissions 50% by 2030

Iran needs three-plus months to return oil to 2015 JCPOA-level market level: Ghasemi
Increased U.S. air travel is beginning to increase jet fuel demand
OPEC+ brushes off latest US antitrust bill as it prepares to relax oil production quotas
Crude oil futures dip on US stock build, pandemic resurgence, US-Iran talks
Interior secretary tells staff to avoid Trump environmental regulations

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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Phone: (479) 293-4081
 
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