WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News June 18, 2021  U.S. rigs were up 9 for the week. Rigs targeting oil were up 8, gas rigs up 1 and unclassified rigs were unchanged. Canadian rig count was up 24.. Oil is up 15 and gas drilling is up 9. 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 June 18, 2021
NYMEX Light Sweet Crude
+0.60
$71.64
ICE Brent +0.43
$73.51
RBOB Gasoline NY Harbor
+0.0341
$2.1683
Heating Oil NY Harbor
+0.0264
$2.0932
NYMEX Natural Gas
-0.038 $3.215
 
Links to Oil, Gas, Energy Prices, News & Issues:
Crude Oil and Natural Gas Rig Count: U.S. +9, Canada +24 and International +14
WTI crude nears Brent valuation as U.S. oil demand accelerates
Oil firms evacuate platforms as US Gulf Coast braces for tropical storm
Climbing oil prices signal need for more output
N. American oil service firms' pricing and hiring on the upswing
Biden’s oil lease ban lifted by federal judge
Oil Rises to Highest Since 2018 as Traders Eye Further Rally
Boycott Texas oil, and Texas will boycott you, says Gov. Abbott with new law
Shell opens data room for Permian assets
Iran believes a U.S. energy sanctions deal is in reach, warns “very little time” to settle it
Both Saudi oil minister takes short-seller battle straight to Wall Street
Norway Sticks to Guns on Oil Even While Boosting Green Energy
Shell weighs blockbuster sale of Texas shale assets
Oil price hits multi-year highs in third weekly gain on demand recovery
IEA Global oil consumption to recover fully by end of 2022
Oil sanctions relief expected to take months after US, Iran reach deal: analysts
TC Energy Terminates Keystone XL Pipeline Project
Plan to increase Aramco's capacity to 13 million b/d still under assessment
Resigned to a nuclear deal revival, Gulf engages with foe Iran
Iraqis suffer as US-Iran shadow war shifts gear
NYMEX WTI settles above $70/b on robust US demand outlook
Oil rises as Iranian supply not seen returning soon
Colonial Pipeline acted quickly after hack: CEO
US April crude exports rebound above 3.2mn b/d
U.S. regulator tells pipeline operators to prepare methane curbs  Note:Much of the gas leaked is in local utility distribution that serves homeowners.
The US government speeds up drilling permit approvals
U.S. shale restraint pushes oil prices to multi-year high
Analysis: Venezuelan oil, masked as Malaysian, rushes into China before fuel tax
IEA’s Unrealistic Energy Roadmap Sends Wrong Message for Agency, Developing Nations
UN: Risk of Massive Oil Spill in Red Sea Grows Daily
Iran preps to aggressively reclaim key Asian oil markets when sanctions lift
EU envoy confident of breakthrough in next round of Iran nuclear talks

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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