WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News August 12, 2022  U.S. rigs were down 1 for the week. Rigs targeting oil were up 3, gas rigs down 1 and unclassified rigs were down 3. Canadian rig count was down 2 rigs. Oil is down 3, gas drilling up 1 and unclassified rigs 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 August 15, 2022
NYMEX Light Sweet Crude
-2.68
$89.41
ICE Brent -3.05
$95.10
RBOB Gasoline NY Harbor
-0.0943
$2.9517
Heating Oil NY Harbor
-0.0775
$3.4403
NYMEX Natural Gas
-0.040 $8.728
 
Links to Oil, Gas, Energy Prices, News & Issues:
Oil Extends Losses as Traders Weigh China Outlook, Iran Supply
Blinken backs EU proposal to revive Iran nuclear deal
China Shocks With Rate Cut as Data Show ‘Alarming’ Slowdown
U.S. rotary rigs -1 and Canada -2

U.S. Oil Output Set for Record 2023 Despite Slowing Growth
Record-breaking job growth in oil, natural gas sectors
Retailers turn off lights, cut opening hours to save energy
Shale Drillers Are Holding Firm on Output as Oilfield Costs Rise
Natural gas is a major part of the solution to California's energy crisis
USA Natural Gas Prices Hit 14 Year Seasonal High
Saudi crude exports jump in July to highest since April 2020
Oil Rises on Report of OPEC Agreeing 100k Barrels/Day Output Increase
OPEC output rose 310k bpd in July, still far undershooting quotas
Oil drops as weak Chinese factory data heightens demand concerns
Opec+ considers next steps ahead of key meeting
German City of Munich Restarts Power Capacity That Runs on Oil
Oil prices rise as chances of OPEC+ supply boost dim
U.S. natural gas prices climb as stocks fail to rebuild fast enough
EIA: US crude inventories down 4.5 million bbl
North America Crude Oil Steps Up With More Supply
EIA forecasts record Permian oil, gas production in August
The United States became the world’s largest LNG exporter in the first half of 2022
This One ERCOT Chart Explains Why Texas Is Having Electricity Shortages
Opec+ compliance surges to 320pc in June: delegates
Oil falls a third week with anemic demand and economic data
EU debates revised plan to reduce gas use after opposition
Saudi Arabia Reveals Oil Production Capacity Limits
Biden Crackdown on Permian Pollution Threatens to Curb Crude Output, Oil Lobby Says
Russia and Saudi Arabia discuss continued cooperation with OPEC+
Russia is China’s top oil supplier for 2nd month, Saudi volumes tumble
Saudi Arabia to boost oil production capacity to 13 million barrels per day
Fracking Growth ‘Almost Impossible’ This Year, Halliburton Says

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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email WTRG at wtrg@wtrg.com