WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News May 29, 2020  Rigs were down for the twelfth week in a row. U.S. rig count  was down 17. Rigs targeting oil were down 15 and gas rigs were down 2. Canadian rig count was down 1. Oil drilling was down 1 and gas drilling was unchanged. International rigs are up 12 for the month of March. Follow the link for detailed tables and graphs.
Oil Futures Price Goes 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. 
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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 May 29, 2020
NYMEX Light Sweet Crude
+1.43
$35.49
ICE Brent
+0.04
$35.33
RBOB Gasoline NY Harbor
+0.0274
$1.0259
Heating Oil NY Harbor
+0.0391
$0.9647
NYMEX Natural Gas
+0.022
$1.849
 
Links to Oil, Gas, Energy Prices, News & Issues:
Crude Oil and Natural Gas Rig Count: U.S. -17, Canada -1
Oil Now Faces Demand Uncertainty After Record Rebound From Crash
OPEC Delivers Three-quarters of Record Oil Cut in May
Tankers in floating storage hit new high
Saudi Arabia and Russia resume sparring over oil output
Rosneft would struggle to extend output cuts to year end
U.S. crude stocks swell as tankers from Saudi Arabia unload: Kemp
Oil rises as higher U.S. refinery rates offsets surprise crude build
Oil Slips From 11-Week High With Russia Set on Easing Cuts
OPEC+ must plan exit strategy: Kemp
Russia leapfrogs Saudi Arabia as China's top crude oil supplier in April
Pradhan sees India's  fuel demand reaching pre-Corona level next month
Hedge Funds Build Large Bullish Position in WTI - Kemp
Oil prices climb on prediction of swift demand rebalance
IEA chief says low oil prices will take demand beyond pre-crisis highs
Russia Sees Oil Market Balance in June-July on OPEC+ Cuts
Iranian Tanker Docks in Venezuela
China to bolster energy reserve capacity, support unconventional gas exploration
Oil Gains for a Sixth Session After American Stockpiles Shrink
US oil production shut-ins top 2.2 million b/d during pandemic
Three Indian refiners cut Mideast oil imports in May
US clashes with Russia, China at UN Security Council over Venezuela
Physical oil prices are surging worldwide, but can it last?
China’s central planners could jump-start commodity demand in Friday meeting
Venezuela armed forces to escort Iranian tankers bringing needed fuel
U.S. reduces royalty charges for drilling on federal land in Utah

Biden vowing to rip up Keystone XL approvals if former VP wins White House
Oil highest since March as Chinese demand reaches 13 MMbpd
North Dakota shale restarting while recovery talk is still premature
India's fuel demand recovery gathers pace as lockdown eases
Coronavirus creates repair headache for oil and gas industry


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 
P.O. Box 250
London, Arkansas 72847
Phone: (479) 293-4081
 
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