WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News September 16, 2022  U.S. rigs were up 4 for the week. Rigs targeting oil were up 8, gas rigs down 4 and unclassified rigs unchanged. Canadian rig count was up 6 . Oil rigs were up 6, gas drilling and unclassified rigs are 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 23, 2022
NYMEX Light Sweet Crude
-4.75
$78.74
ICE Brent -4.31
$86.15
RBOB Gasoline NY Harbor
-0.1327
$2.3830
Heating Oil NY Harbor
-0.1744
$3.2371
NYMEX Natural Gas
-0.261 $6.828
 
Links to Oil, Gas, Energy Prices, News & Issues:
Oil plunges below $80 to eight-month low as recession fears mount
Oil Climbs as Softer Dollar Offsets Concerns of Global Slowdown
Russia Losing Gas War
Recession will be necessary to rebalance the oil market: Kemp
UN chief pushes windfall tax to ease high prices
U.S. Senators seek secondary sanctions on Russian oil purchases
Stalled Growth Spurs Questions for US Shale
UAE accelerates plan to increase its oil production capacity
Russia's isolation from global markets is withering its economy and will wreck its status as an energy superpower, experts say
U.S. rotary rigs  -1 and Canada -3

Iran: Rumors about the state of health of Ali Khamenei reopen the debate of his succession
EU embargo will crater Russian oil production, IEA reports
Oil prices are headed to $150 a barrel as energy demand continues to outpace supply, JPMorgan energy strategist says
Saudi oil output hit 11 million barrels a day last month
Manchin Enlists Oil CEOs to Get GOP Support to Speed Up Energy Project Approval Process
Will Putin’s Energy Strategy Backfire? Daniel Yergen podcast
Oil Gains 2% As Iran Deal Fades, Market Eyes Tight Supply
Fracking power could eclipse North Sea gas: PM Liz Truss lifts ban, shale could be one of Britain's biggest sources of energy
China oil demand may shrink first time since 2002 as COVID curbs bite
Oil rebounds from 8-month low after hitting oversold territory
UK shale gas developers eager to resume work after fracking ban lifted
California's rolling blackouts are the result of a constrained supply
Oil edges up from seven-month low as Russia threatens export halt
Putin warns the West will ‘keep freezing’ if energy price caps are imposed – and Russia will stop all gas and oil supplies
Oil: OPEC+ surprises energy markets with a small production cut
Explainer: Will capping Russian oil prices actually work?
Russia will not resume gas supplies to Europe until sanctions lifted, says Moscow
G7 Finance Chiefs Agree on Russian Oil Price Cap but Level Not Yet Set
Young shale CEOs eye output boost in oil patch struggling to grow
Oil Sinks Further in Test of OPEC’s Resolve Amid Demand Concerns
New COVID 19 cases look to weaken China's oil demand recovery in Sep
Oil futures end lower, with economic jitters fueling a more than 9% monthly loss for U.S. prices
Oil Retreats After Iraq Calms Supply Nerves Following Clashes
Shell CEO warns energy crisis may last more than one winter
Iran may drain offshore oil storage if nuclear deal reached
Al Sadr loyalists storm Iraq presidential palace
Iraq protests live: Deadly clashes and chaos after al Sadr quits. Live updates from Al Jazeera

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 2022 by James L. Williams
 
James L. Williams
WTRG Economics 
P.O. Box 250
London, Arkansas 72847
Phone: (479) 293 4081
 
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