WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News January 8, 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 58. Oil is up 35 and gas drilling up 23. International rig count for December is down 4. 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 January 14, 2021
NYMEX Light Sweet Crude
+0.66
$53.57
ICE Brent +0.36
$56.42
RBOB Gasoline NY Harbor
+0.0051
$1.5539
Heating Oil NY Harbor
+0.0205
$1.6194
NYMEX Natural Gas
-0.061 $2.666
 
Links to Oil, Gas, Energy Prices, News & Issues:
U.S. shale producers lock in future sales as oil prices rise to one
OPEC sees U.S. shale output recovering further on oil rally
Venezuela open to foreign investment in oil sector
Crude price rally extends amid dollar retreat, stimulus hopes
Apache, Total Hit Oil Pay Offshore Suriname
Saudi cooperation with Russia in OPEC+ helped stabilize oil markets: foreign minister
Big freeze exposes Asia's underlying energy crisis
Crude rally stalls amid fresh lockdowns, stronger dollar
US LNG exporters keep utilization near capacity as Asian prices test new heights
Venezuela saber-rattles over Guyana, US wades in
Semiconductor supply hits NorthAm auto output
Oil companies lock in drilling, challenging President-elect Biden on climate
Crude Oil and Natural Gas Rig Count: U.S. +9, Canada +58 and International -4

U.S. petroleum stocks nearing normal after wild 2020: Kemp
OPEC+ meeting ends with deal and it offers plenty to digest
Saudi Arabia announces unilateral output cut, to the market's -- and OPEC+'s -- surprise
OPEC and Russia Agree to Hold Oil Production Steady Through February.
Opec+ meeting adjourned with consensus elusive
Oil Prices Decline As OPEC+ Dithers
OPEC sees oil outlook for first half of 2021 full of downside risks
Ten predictions for energy in 2021
Executives Predict 2021-End Oil Price
Oil Market Faces Familiar Challenges in New Year
Oil demand recovery likely to continue into 2022: Novak
Crude retreats as pandemic concerns overshadow US stimulus bill
China's Nov U.S. oil imports near record, Saudi imports up 43% on mth
Iraq at risk of serious power outage after Iran slashes gas exports: Ministry
Algerian energy minister urges OPEC+ caution as virus mutation clouds outlook: report
US dials up anti-Iran rhetoric
Oil Prices Rally Amid US Inventory Draw
Oil complex settles higher on dollar weakness, stock draws
Oil price slide extends as European lockdowns weigh on oil demand outlooks
Venezuela oil union leader flees to Colombia

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 1996-2021 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