WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News April 16, 2021  U.S. rigs were up 7 for the week. Rigs targeting oil were up 7, gas were up 1 rig and unclassified rigs were down 1. Canadian rig count was down 2. Oil is down 2 and gas drilling is 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 April 16, 2021
NYMEX Light Sweet Crude
-0.33
$63.13
ICE Brent  -0.17
$66.77
RBOB Gasoline NY Harbor
-0.0119
$2.0399
Heating Oil NY Harbor
-0.0032
$1.8957
NYMEX Natural Gas
+0.022 $2.680
 
Links to Oil, Gas, Energy Prices, News & Issues:
Crude Oil and Natural Gas Rig Count: U.S. +7, Canada -2 and International +14
China Q1 crude throughput jumps 18% on year to 14.17 mil b/d
Russia's Novak says OPEC+ countries will gradually restore oil output in May-July - Ifax
Russia's Novak says premature to talk about OPEC+ plans beyond 2020
Crude climbs 5% on improved demand outlooks, US crude draw
Oil Rises With OPEC Expecting Demand Rebound to Absorb Output
U.S. oil output nears pre-pandemic levels as crude prices build driller confidence
U.S. House bill seeks $8 billion for abandoned oil and gas well cleanup
Total’s latest African deal will position Uganda among major oil exporters
Vaccinations point the way to energy demand recovery
Iran blames Israel for Natanz nuclear plant outage, vows revenge
Oil closes lower, despite mounting evidence of underlying market strength
Texas oil and gas signals recovery as March 2021 drilling permits outpace 2020
Judge to hear arguments on whether Dakota Access pipeline should continue operating without a permit
UK to allow international travel from May 17 in boost for jet fuel
Global CO2 emissions far off net-zero trajectory: Kemp - Reuters News
API says cross-border infrastructure key to U.S.-Canada energy trade
US, Iran inch closer to reviving nuclear deal after Vienna talks
North American Upstream Spend Report - 1st Quarter 2021
India’s refiners cut Aramco crude purchases
Oil prices slide on OPEC output call and surging India virus cases
Iran to seek removal of US sanctions in Vienna talks, having already boosted oil export
U.S. Interior chief reviewing “fundamentally broken” oil and gas leasing system
US and Iran to initiate indirect treaty talks on April 6
Opec+ agrees on gradual oil quota increase: Update
OPEC oil output rises in March, led by Iran: Reuters survey
API shows U.S. crude stocks rise, gasoline falls: sources
Oil prices slip below $61 on rising dollar and upcoming OPEC meeting
OPEC lowers oil demand recovery forecast, ahead of decision on May quotas: sources
China's Iran oil imports seen hitting new high in March, curbing OPEC output options
Saudi wants OPEC+ to extend oil cuts into June, source says
US refined product builds likely extend amid expected uptick in refinery runs
Oil Prices This Week
MV Ever Given fully floated on Suez Canal, traffic to resume
Tugs Fail to Free Vessel; Further Attempt Seen Soon: Suez Update
Suez Canal: Ever Given container ship partially freed
A skyscraper-sized cargo ship remains wedged in the Suez Canal, the first time in the canal's 150-year history
Global oil markets under pressure as Asia destocks, China imports slowed
Suez canal blockage scrambles global oil and gas movement
Oil Swings on Suez Canal Blockage After Demand-Driven Sell-Off
Oil prices slide below $58 as coronavirus lockdowns accelerate worldwide
Suez Canal blocked after container ship runs aground: sources

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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