WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News April 29, 2022  U.S. rigs were up 3 for the week. Rigs targeting oil were up 3, gas rigs and unclassified rigs were unchanged. Canadian rig count was down 6 rigs. Oil is down 3, gas drilling down 3 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 May 17, 2022
NYMEX Light Sweet Crude
-1.80
$112.40
ICE Brent -2.31
$111.93
RBOB Gasoline NY Harbor
-0.0812
$3.9417
Heating Oil NY Harbor
-0.1082
$3.7993
NYMEX Natural Gas
+0.348 $8.304
 
Links to Oil, Gas, Energy Prices, News & Issues:
Gasoline price gouging claims have no basis in reality
New Oil Traders Fill Void as Top Names Abandon Moscow Ties
After calls for conservation and generator failures, Texas' grid survived the weekend. It's still May.
Lithium Sector Needs $42 Billion as Pivot From China Adds Costs
Oil Rose to Highest Since March as Fuel Markets Heat Up
Diesel prices an ominous sign for the economic outlook
The Modern World Can't Exist Without These Four Ingredients. They All Require Fossil Fuels
IEA may release more oil if needed, says executive director
Russia Raises Alarm Over European Refineries
Opec+ falls short in April
Texas drilling permits and completions up substantially in April 2022
Saudis, UAE: The World Has A Serious Energy Spare Capacity Problem
OPEC+ agrees to another modest production increase after EU outlines Russian oil ban
Will Russia feel the squeeze from EU oil import ban?
Lifting the curtain on Russia’s oil and gas sectors that will bring in an estimated $260 billion in 2022
IOCs' Russian Assets Face Uncertain Future
Russia losing OPEC+ clout as Ukraine war weakens oil market role
OPEC+ set to stick to existing deal despite demand concerns
US monthly oil shipments to Europe climb to highest since 2016
China’s Independent Refiners Start Buying Russian Oil At Steep Discounts
Long-term U.S. LNG deals pick up as demand increases
E&P spending recovering, supported by Middle East rig demand
U.S. rotary rigs +3 and Canada -6

Oil prices edge up as worldwide supply concerns remain at the fore
Exxon declares force majeure on Russian Sakhalin-1 operations
CPC terminal operating at full capacity
Ukraine war: Russia halts gas exports to Poland and Bulgaria
Oil Retreats as Investors Weigh China’s Covid-19 Resurgence
Global oil demand is set to shed 1.4 million barrels per day, Rystad says
Permian explorers drill deep into fraclog, leaving shelves bare
St. Louis Natural Gas Pipeline in Jeopardy After SCOTUS Rejection
Oil Edges Higher on Concerns Over Russia, Libya Supply Disruption
Will solid-state batteries bail out electric vehicles?
OPEC tells IMF that oil price rally mainly due to geopolitics
Biden resumes new oil and gas drilling on public land, offering less land and higher fees
U.S. Oil Exports Soar as World Works to Replace Russian Supplies
Chevron-led Kazakh crude producer 'exploring' export options amid Russian port disruption
EU works to cut cost of Russia oil ban to win over skeptics
Permian Drilling Permits Hit All-Time Monthly High
Oil gains as Libya shuts its largest oil field amid protests
USA Natural Gas Surges to 13 Year High
Renewed Unrest Forces Libya to Close Two Oil Terminals
EIA Lowers 2022 Brent Oil Price Forecast
The European Sea Ports Organisation (ESPO) Calls for Uniform Application of the EU Port Ban on Russian Ships

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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Phone: (479) 293-4081
 
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