WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News November 25, 2020  U.S. rigs were up 10 for the week. Rigs targeting oil were up 10, gas rigs were up 1 and unclassified rigs were down 1. Canadian rig count was up 1. Oil is down 4 and gas drilling up 5. 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 November 25, 2020
U.S. Market Closed 26th for Thanksgiving
NYMEX Light Sweet Crude
+0.80
$45.71
ICE Brent (Nov.26) -0.81
$47.80
RBOB Gasoline NY Harbor
+0.0293
$1.2875
Heating Oil NY Harbor
+0.0271
$1.3866
NYMEX Natural Gas
+0.121
$2.896
 
Links to Oil, Gas, Energy Prices, News & Issues:
Venezuela resumes direct crude shipments to China
U.S. diesel glut has mostly gone: John Kemp - Reuters News
Oil tanker attacked in Saudi Arabian Red Sea terminal
Crude Oil and Natural Gas Rig Count: U.S. +10, Canada +1 and International +4

OIL FUTURES: Crude settles higher on OPEC+ expectations, weaker dollar
OPEC+ cohesion coming under pressure
Crude oil futures extend rally as vaccine optimism negates large crude build
Oil Highest Since March on Vaccine and Biden News
Oil sees wave of fund buying on early COVID immunization hope: Kemp
Oil prices extend gains on COVID vaccine hopes
Modi says India set to double oil refining capacity in 5 years, earlier than expected
UAE oil discoveries bolster ADNOC bid to reach 5 mln bpd capacity -minister
COVID infections, vaccine prospects play ‘tug of war’ with oil as traders look to OPEC+
Exports of Libya's flagship crude stream rise as output hits 1.25 mln bpd
UAE Mulls OPEC Stance Ahead of Meeting
Global crude market finds support mainly from China demand
Final offshore oil auction under Trump shows Gulf's 'long future'
Oil gains 2% on potential OPEC+ rethink and vaccine hopes
China's oil buying binge supported as tank operators, refiners boost storage
OPEC+ Panel Suggests Time Frame to Delay Output Hike
OPEC+ scenario analysis points to output rollover (PDF)
Crude rises on expectation of tamer US lockdowns, Asian trade agreement
India's refinery throughput recovers in Sep, LNG imports rising: Ind-Ra
Oil Drops After Jump in U.S. Stockpiles and Gloomy IEA Forecast
OPEC+ explores a three to six month delay on oil output hikes
Plunging shale acreage values may create new Permian M&A wave
OPEC says oil demand in 2020 down by almost 10M barrels per day
Slew of Tankers Sail Toward Venezuela, Suggesting Oil Export Rebound
Oil price crests $41 on vaccine-fueled market rally
OPEC’s Saudi, UAE ministers discuss output deal adjustments
Consequences of a Biden Admin for US Energy

OPEC would miss 'friend Trump', wary of strains under Biden, sources say

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 
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Phone: (479) 293-4081
 
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