WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News August 11, 2023  U.S. rigs were down 5 for the week. Rigs targeting oil were unchanged, gas rigs down 5 and unclassified rigs were unchanged. Canadian rig count was up 2.
When 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 14, 2024
NYMEX Light Sweet Crude
-1.73
$73.83
ICE Brent -1.58
$77.46
RBOB Gasoline NY Harbor
-0.0430
$2.1086
Heating Oil NY Harbor
-0.0697
$2.2742
NYMEX Natural Gas
-0.138
$2.494
 
Links to Oil, Gas, Energy Prices, News & Issues:
Oil Falls After China Briefing With Eyes on Israel-Iran Conflict
OPEC Boosts Oil Demand Forecast to 2045 Despite Climate Crisis
The complexity of capital allocation for oil and gas companies
October presents Opec+ with a quandary
Oil sheds 5% over possible ceasefire reports in Lebanon after Israel-Iran war stokes supply fears, Brent drops to $77
Chevron shutters Gulf of Mexico oil platform as Hurricane Milton approaches
Brent Crude Passes $80 on Expected Israeli Attack on Iran
Distillate fuel oil demand will increase in the fall because of the agricultural harvest
Oil Prices Set for 10% Weekly Rise as Middle East Tensions Heat Up
OPEC+ Could Cushion Iran Oil Shock But Not Broader Disruption
Rystad Energy: Cost of new upstream oil projects rises further
Oil settles higher but falls on the week on firmer supply outlook
Natural Gas Producers Press Harris For Answers in Battleground State
Oil Prices Slide on Prospects Saudi Arabia to Raise Output
US Gulf oil shut-ins drop as Helene nears landfall
Oil prices fall after report Saudi Arabia to scrap price target, boost output
OPEC: Oil demand sees robust medium-term growth and reaches over 120 mb/d by 2050, driven by the non-OECD
Biden Administration Proposes Sweeping Ban on Chinese Vehicle Software
Oil ends week higher as investors take stock of Fed rate cuts
AI Boom Is Driving a Surprise Resurgence of US Gas-Fired Power
Chevron CEO Attacks Biden LNG Export Pause on Costs, Carbon
Oil prices rise on easing demand worries after jumbo Fed rate cut
Why Oil Prices Can Rise After an Interest Rate Cut
South Sudan ready to start moving oil through Sudan again
U.S. exports help feed Asian hunger for coal, but green opposition limits more from going overseas
OPEC+ Faces a New Problem: A Texas Gas Pipeline
Investors Turned More Bearish on Oil Last Week Than Ever
Oil Steadies With Middle East Tensions and Stockpiles in Focus
AI Boom Is Driving a Surprise Resurgence of USA Gas-Fired Power
Libyan Export Decline and Fed Speculation Propel Oil Above 70 Dollars
Why Fracking Remains a Political Lightning Rod for Controversy
Canada’s New Oil Pipeline Tilts Flows to Asia, Away From US Gulf
Big oil companies defeat US consumer lawsuit over production, prices
Libyan Oil Flows Slide Further as UN Fails to Break Bank Impasse
What Does Exile of Opposition Presidential Candidate, Edmundo González’s Mean for Venezuela?
API: Recent federal court decisions could imperil US Gulf of Mexico oil, gas operations
EIA expects oil prices to increase despite concerns over economic growth and petroleum demand
Oil Prices Jump Nearly 2% on Fears Over Hurricane Impact on U.S. Output
Nearly Half of Gas Output at U.S. Gulf of Mexico Shut Due to Francine
BSEE: 23% of GoM oil production shut-in as Tropical Storm Francine advances
Iraq's excessive oil output poses challenges for Opec
Tropical Storm Francine Disrupts Gulf Coast Oil, Gas Output
U.S. Gulf Coast LNG export plants, refineries, production facilities brace for Francine
North America’s LNG export capacity is on track to more than double by 2028
Gulf of Mexico Offshore Platforms Evacuated Ahead of Tropical Storm Francine
OPEC’s Quick Fix Means Oil Glut Awaits Next Year

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 2024 by James L. Williams
 
James L. Williams
WTRG Economics 
P.O. Box 250
London, Arkansas 72847
Phone: (479) 293 4081
 
To contact us or if you have comments or suggestions,
email WTRG at wtrg@wtrg.com