WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News January 14, 2021  U.S. rigs were up 13 for the week. Rigs targeting oil were up 11, gas rigs up 2 and unclassified rigs were unchanged.. Canadian rig count climbed 50 rigs. Oil is up 43, gas drilling up 7 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 January 20, 2022
NYMEX Light Sweet Crude
-0.06
$86.90
ICE Brent -1.06
$87.38
RBOB Gasoline NY Harbor
+0.0052
$2.4622
Heating Oil NY Harbor
-0.0205
$2.6718
NYMEX Natural Gas
-0.229 $3.802
 
Links to Oil, Gas, Energy Prices, News & Issues:
Russia missing OPEC targets as some members struggle to keep pace
Crude oil prices soar as demand and supply imbalance continues
UAE has promised to respond after drone attacks by Yemen's Houthi rebels
Saudi energy minister comfortable with oil prices, OPEC+ output levels
Looking beyond Omicron, oil investors focus on tight supply: Kemp
Crude oil futures near 2021 pandemic peaks as bull-run continues
U.S. rotary rigs +13 and Canada +50
Exclusive-China Agrees With U.S. to Release Oil Reserves Near Lunar New Year
DOE Awards Fourth Strategic Petroleum Reserve Exchange to Bolster Fuel Supply Chain
Oil prices hold firm on hopes economic growth to support demand
Oil prices surge as Fed chief’s comments less hawkish than expected
Lucid Energy advances plan to develop Permian’s largest carbon capture and sequestration (CCS) project
Exxon Mobil launches sale of U.S. shale gas properties
Oil prices edge up on Kazakhstan, Libyan supply worries
French finance chief points to Kazakhstan in warning of need to control soaring energy prices
Philippines, Japan call on Indonesia to lift coal export ban
Oil Set for Third Weekly Advance as Market Tightens on Outages
Gas gap in Europe drives U.S. LNG exports to record high
OPEC+ agrees oil output hike from February as omicron Covid cases soar
Oil bulls return as the threat from Omicron recedes: Kemp
OPEC elects Kuwait's Haitham al-Ghais as new secretary general
Experts skeptical of Mexico plan to stop exporting oil by 2023
U.S. says Iran “dragging its feet” on return to nuclear deal
Shale drillers face record cost pressures as banks shun the sector
Rates of return drop in most US basins this month yet rig counts rise
Novak: Opec-Plus Prioritizes Clarity, Consistency
Russia, U.S. officials say they're coordinating on Iran nuclear talks in Vienna
Venezuela's 2021 crude output shows no growth from last year
Oil prices reach four-week high as markets account for Omicron
What industry leaders expect for 2022
Baker Hughes Crude Oil and Natural Gas Rig Count: U.S. +7 and Canada -34

Marathon to receive second release from U.S. strategic petroleum reserve
OIL FUTURES: Crude extends rally on US inventory draw, easing omicron fears
Libya's NOC declares force majeure on oil exports in two ports
Iran Oil Minister Says Technology Needed To Boost Falling Output

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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