WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News October 15, 2021  U.S. rigs were up 10 for the week. Rigs targeting oil were up 12, gas rigs and unclassified rigs were each down 1 rig.. Canadian rig count was up 1.. Oil is up 3, gas drilling down 2 and unclassified rigs were 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 October 21, 2021
NYMEX Light Sweet Crude
-0.92
$82.50
ICE Brent -1.21
$84.61
RBOB Gasoline NY Harbor
-0.0283
$2.5084
Heating Oil NY Harbor
-0.0432
$2.5491
NYMEX Natural Gas
-0.055 $5.115
 
Links to Oil, Gas, Energy Prices, News & Issues:
Crude’s forward price curve suggests $100 oil is on the way
Oil Prices Could Explode As U.S.' Largest Storage Hub Nears Empty
Saudi energy minister sees demand from gas-to-oil switch at up to 600,000 bpd
Permian basin oil output nears pre-pandemic levels
Early start to China's winter heating season bullish for gas, coal demand
Mexico’s Energy Grid Risks Fading to Black
U.S. coal-fired generation is increasing
Oil gains from highest close since 2014 as U.S. dollar falls
OPEC misses crude output targets, straining global oil supply
Baker Hughes Crude Oil and Natural Gas Rig Count: U.S. +10, Canada +1 and International +14

China looks to lock in U.S. LNG as energy crunch raises concerns
White House asks U.S. oil-and-gas companies to help lower fuel costs
OPEC+ deal key to stable oil market as pandemic recovery continues: Putin
European natural gas price surge prompts switch to coal
World’s largest LNG exporter unhappy with high natural gas prices
Will The U.S. Be Spared From The Global Energy Crisis?
Beset by coal shortages, India’s power grid struggles to meet demand
Oil Surges Past $80 With Global Power Crisis Set to Boost Demand
Shale Oil Is Booming Again in the Permian
U.S. oil futures post a nearly 5% weekly climb after touching highs above $80 a barrel
Oil rallies after U.S. says it won’t tap strategic crude reserves
Mexico, with record in gas purchases from the US
Asia's energy crunch boosts coal and LNG, but threatens their future
Oil prices jump as OPEC continues monthly crude supply hikes
Explainer: Global Energy Shortage or a Coincidence of Regional Crises?
Oil Spill Washes Ashore in California, Killing Wildlife
Oil settles near three-year high ahead of Opec+ meeting
Opec+ likely to stick to the script
Record Costs Slam U.S. Drillers as Oil Output Growth Slows
OPEC Says India Will Be Hooked on Oil for Years to Come
Why OPEC+ is likely to keep its plan to boost oil output
Oil will dominate global energy mix for decades, Opec says
Beijing and Shanghai face blackouts in deepening power crunch
Biden Needs an Effective—and Coercive— Iran Strategy
Supply shortfall, demand strength to support oil
Global leaders must weigh energy poverty while setting climate policies: Barkindo
What’s Affecting Oil Prices This Week?
Iranian condensate cargo begins discharging in Venezuela
Panic buying leaves UK fuel pumps dry

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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