WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News March 27, 2020  The crash begins. U.S. rig count  was down 44. Rigs targeting oil are down 40, gas rigs are down 4. Canadian rig count was down 44. Oil drilling was down 34 rigs and gas drilling was down 10. International rigs are up 12 for the month of March. Follow the link for detailed tables and graphs.
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. 
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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 27, 2020
NYMEX Light Sweet Crude
-1.09
$21.51
ICE Brent
-1.41
$24.93
RBOB Gasoline NY Harbor
+0.0229
$0.5737
Heating Oil NY Harbor
+0.0182
$1.0685
NYMEX Natural Gas
-0.003
$1.634
 
Links to Oil, Gas, Energy Prices, News & Issues:
Russia calls for new enlarged OPEC deal to tackle oil demand collapse
India Slashes Oil-Refining as More Cuts Seen on Lockdown
Saudi struggles to find buyers for extra crude as demand dives -sources
Delays and shattered hopes: Uganda still waiting for oil riches
U.S. jobless claims skyrocket to 3.283 million
Petrobras cuts output, postpones dividend in face of coronavirus
China's factories reopen, only to fire workers as virus shreds global trade
Some Indian ports declare force majeure, could delay oil discharges - documents, sources
U.S. Calling on Saudis to Halt Plan to Unleash Record Oil Supply
From Asia to America, fuel prices pummeled by coronavirus fallout
U.S. to send envoy to Saudi Arabia; Texas suggests oil output cuts
Rystad Energy: Oil glut months away from topping global storage
Crude Oil and Natural Gas Rig Count: U.S. -20, Canada -77

U.S. drillers this week cut most oil rigs since April -Baker Hughes
U.S. SPR tenders for 30 million bbl of domestic oil
When Will the Oil War End?
Glut of crude swells across Atlantic basin on coronavirus, OPEC+ hikes
Kremlin says Russia “would like to see crude prices higher”
U.S. oil futures drop to lowest settlement since 2002
Halliburton Furloughs 3,500 Workers at Texas Headquarters
Detroit automakers Ford, General Motors, FCA agree to close all US plants
Iraq Oil Minister Urges OPEC, Non-OPEC Emergency Meeting
Goldman sees oil tumbling another 32% by July as coronavirus hits demand
Saudi Aramco likely to sustain high April oil output through May: CEO
Oil plunge sets off search for tanks, revives dormant Cushing storage trade
Oil slumps below $30 as coronavirus spreads, OPEC rancor remains el
evated
OPEC+ calls off technical talks, mediation attempts fail: sources
Saudi Aramco likely to sustain high April oil output through May: CEO
Global oil use heads for steepest annual contraction in history
Oil drops 10%, breaking below $29 as demand evaporates
U.S. to fill strategic oil reserve 'to the top,' Trump says
Aramco to cut capital spending over coronavirus; 2019 profits plunge
Saudi Arabia floods markets with $25 oil as Russia fight escalates
Saudi Arabia floods globe to squeeze Russia's share of oil market: source
Shale Drillers Seek Jones Act Waiver to Ease Price Pain

US to Buy Large Quantities of Oil for Reserve
$20 oil possible as OPEC+ could unleash an extra 2.5 million barrels per day
UAE joins Saudi in opening oil taps as row with Russia slams crude prices
Saudi refuses to give extra April crude to at least three Asian refiners
Why April will be a ‘very cruel month for oil prices’
Saudi announces plan to boost oil production capacity for first time in years
Saudi Aramco green lights two new gas fields

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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