WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News January 27, 2023  U.S. rigs were unchanged for the week. Rigs targeting oil were down 4, gas rigs up 4 and unclassified rigs were unchanged. Canadian rig count was up 6. Oil rigs were 4 higher, gas drilling was down 2 and unclassified rigs are 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 March 21, 2023
NYMEX Light Sweet Crude
+1.85 $69.67
ICE Brent +1.53
RBOB Gasoline NY Harbor
Heating Oil NY Harbor
NYMEX Natural Gas
+0.125 $2.348
Links to Oil, Gas, Energy Prices, News & Issues:
OPEC+ views oil price drop as financially driven, delegates say
US says Russia not benefiting from +$60/bbl oil to India
To Booms, Busts and a Good Appetite for Both
Oil slide resumes as banking fears offset China demand hopes
Green Groups Sue Biden Admin over Approval of Alaska Willow Oil Project
Oil prices ease to 5-week low on fallout from U.S. bank shutdowns
Offshore Oil Rebound Underway
Middle East leads offshore growth
Rystad: More natural gas leaving the U.S. economy, but markets look balanced
The state of China–Russia cooperation over natural gas
CERAWEEK-OPEC, US energy executives discuss tight capacity at Houston huddle
CERAWEEK – Biden climate law will stumble without permitting reform, industry warns
Global Energy Giants Looking to Exploit Deepwater Opportunities in India: Report
OPEC increases oil production as Nigeria boosts output
Authorities rush to find sunken tanker causing hazardous oil spill offshore the Philippines
Saudi Arabia signs $400 mln agreement for Ukraine aid as Kingdom’s FM visits Kyiv
Oil up in choppy trade; U.S. inventories up but Russia cuts supply
One year of Ukraine war prompts sweeping shifts in Asian oil flows
Crude Summit: US output growth faces headwinds
Highly Paid Oil Rig Worker Merits Overtime, U.S. Supreme Court Says
Column: Oil and gas mini-slump all part of a cycle
U.S. Crude Oil Exports to be in Demand This Year as Trade Flows Reshuffle
The Overprivileged West’s Delusion Of ‘Transitioning Away From Oil’
U.S. republicans to meet with UAE President regarding OPEC oil production targets
China’s Crude Oil Imports Expected To Hit A Record High In 2023
WTI Tumbles As Dollar And Crude Inventories Climb
Exclusive: Germany aims to speed Rosneft's exit from Schwedt refinery
Africa rallies to Russia’s rescue as EU bans the import of oil products
Freeport LNG export plant set to resume operations in March, Rystad Energy says
Oil Extends Rebound as Saudi Arabia Bets on More Demand in Asia
OPEC+ Exports Show Russia Surges While Saudi Arabia Dials Back

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 2023 by James L. Williams
James L. Williams
WTRG Economics 
P.O. Box 250
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Phone: (479) 293 4081
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