WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News July 23, 2021  U.S. rigs were up 7 for the week. Rigs targeting oil were up 7, gas rigs and unclassified rigs were unchanged. Canadian rig count was down 1.. Oil is down rigs, gas drilling 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 July 23, 2021
NYMEX Light Sweet Crude
+0.16
$72.07
ICE Brent +0.31
$74.10
RBOB Gasoline NY Harbor
+0.0181
$2.2913
Heating Oil NY Harbor
+0.0013
$2.1339
NYMEX Natural Gas
+0.057 $4.060
 
Links to Oil, Gas, Energy Prices, News & Issues:
Baker Hughes Crude Oil and Natural Gas Rig Count: U.S.+7, Canada -1 and International +14
US oil, gas rig count jumps 24 to 604 amid recovery confidence from early Q2 calls  Note this is Enverus Rig Count
Iran opens oil terminal to bypass Strait of Hormuz, impact likely limited
Oil Set to End Week Steady as Three-Day Rally Recoups Rout
Analysis: China crackdown could knock crude oil import growth to 20-year low
Iran opens oil terminal to bypass Strait of Hormuz, impact likely limited
Saudi Aramco confirms data breach after $ 50 million cyber ransom request
Oil climbs over 4% on Wednesday despite rise in U.S. inventories
The Saudi Prince of Oil Prices Vows to Drill ‘Every Last Molecule’
Iran's Oil-Rich Khuzestan Hit By Fifth Night Of Protests Over Water Shortage
Shell to appeal Dutch court decision mandating faster carbon cuts
Brent oil steadies near 8-week low after market selloff on Covid-19 resurgence
Forecasters agree more OPEC oil is needed, but just how much is up for debate
OPEC and allies target full end to oil production cuts by September 2022, increase supply limits as prices climb
Official Statement: 19th OPEC and non-OPEC Ministerial Meeting concludes
OPEC plans Sunday oil output discussion as UAE standoff ebbs
Oil Heads for Biggest Weekly Loss Since March on Virus Comeback
UAE settles with OPEC, agrees to Saudi output proposal
Ship-to-ship oil transfers and sanctions evasion
Expect tight oil supplies in August as key OPEC output deadline nears
Oil, gas well approvals on federal lands most since 2008
North Dakota lawsuit against Biden’s oil and gas leasing moratorium
Hedge funds took profits as U.S. oil price hit highest in more than six-years: Kemp
U.S. oil mergers surge as energy, share prices recover from pandemic
Supply struggles, not just demand, are fueling LNG's price surge: Russell
Opec+ adds 610,000 b/d as Riyadh unwinds cut
Venezuela resorts to upgraded oil, blends for feeding refineries -document, sources

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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