WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News September 17, 2021  U.S. rigs were up 9 for the week. Rigs targeting oil were up 10, gas rigs down 1 and unclassified rigs were unchanged. Canadian rig count was up 11.. Oil is up 8, gas drilling up 3 and unclassified rigs were 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 September 20, 2021
NYMEX Light Sweet Crude
-1.68
$70.29
ICE Brent -1.42
$73.92
RBOB Gasoline NY Harbor
-0.0561
$2.1152
Heating Oil NY Harbor
-0.0501
$2.1590
NYMEX Natural Gas
-0.120 $4.985
 
Links to Oil, Gas, Energy Prices, News & Issues:
Oil prices fall with broader market on China’s economic concerns
Shell reports structural damage to West Delta facilities from Hurricane Ida
Coal Prices Surge as Power Crunch Upends Effort to Cut Emissions
Baker Hughes Crude Oil and Natural Gas Rig Count: U.S. +9, Canada +11 and International +14

Coalition forces thwart Houthi drone attack on Saudi city
Chevron’s Mike Wirth sees higher energy prices, supply crunches ahead
US Gulf operators bring back 72pc of output: Update
Stage-level flow assurance helps refine Permian field development strategy
US signals end to Citgo protection by June 2022
Oil prices climb as U.S. crude, gasoline inventories tighten
Valero restarting St Charles, Meraux refineries
Colonial says both main pipelines operating normally after storm shutdown
BOEM increases Gulf of Mexico reserves estimates
Texas oil regulator works to secure natural gas supply for potential weather emergencies
China To Auction First 7.4 Million Barrels Of Oil From SPR
Iraq cuts U.S. oil prices sharply, bucking Saudi’s pricing trend
U.S. Gulf Coast energy firms face another hurricane hit
Kern County sues Newsom claiming he 'violated the California Constitution' regarding oil
Oil prices climb as U.S. supplies restart following historic Ida impact
US oil inventories expected lower amid lingering impact of Hurricane Ida
OPEC now predicts 2022 return to pre-pandemic oil demand, in bullish case for output hikes
OPEC sees oil supply disruptions boosting demand for its crude
Power struggle threatens Libya oil output once again
Phillips 66 might not rebuild hurricane-damaged Louisiana refinery
Oil intensity of GDP - long-run downtrend
Oil gains for 2nd session as lower U.S. output supports
China Sees Opportunity As Venezuela’s Oil Industry Hits Rock Bottom
Number of drilled but uncompleted wells declines
Pace of restoring US Gulf crude production ticks up, but 79% of output still down
Divers identify broken pipeline as source of Gulf oil spill
US to loan 1.5mn bl of SPR crude to ExxonMobil
Biden suspects “unlawful” oil and gas mergers are behind higher gasoline prices
China’s Top Oil Producer Prepares to Revive Venezuela Operations
Oil prices close higher on OPEC decision devoid of drama
Major Oil Producers Uphold Small Output Increase
Port Fourchon suffers ‘severe damage’ from hurricane
OPEC August oil output rises, but outages limit gain - Reuters survey
Oil falls as U.S. refineries shut; Washington pushes OPEC to pump more
Port Fourchon, other Gulf oil facilities likely offline for weeks after Ida
OPEC Raises Oil Production To Highest Since April 2020
U.S. offshore oil industry assesses Hurricane Ida storm impact
Bulk of oil, gas production remains offline as E&Ps anticipate platform inspections

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
 
If prices appear to be out of date refresh or reload your browser.  Try the F5 key.




Copyright © 1996-2021 by James L. Williams
 
James L. Williams
WTRG Economics 
P.O. Box 250
London, Arkansas 72847
Phone: (479) 293-4081
 
To contact us or if you have comments or suggestions,
email WTRG at wtrg@wtrg.com