WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News July 10, 2020  Rigs were down for the eighteenth week in a row. U.S. rig count  was down 5. Rigs targeting oil were down 4 and gas rigs were down 1. Canadian rig count was up 8. Oil drilling was unchanged and gas drilling was higher by 8. International rig count for May is down 110. Follow the link for detailed tables and graphs.
Oil Futures Price Goes 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 14, 2020
NYMEX Light Sweet Crude
+0.19
$40.29
ICE Brent +0.18
$42.90
RBOB Gasoline NY Harbor
-0.0260
$1.2474
Heating Oil NY Harbor
-0.0027
$1.2208
NYMEX Natural Gas
+0.007
$1.746
 
Links to Oil, Gas, Energy Prices, News & Issues:
Aligning E&Ps for a New Reality
China urges coal miners to boost output ahead of summer power use
Veteran U.S. diplomat Richardson to meet Maduro to discuss jailed Americans
US Army Corps of Engineers to Appeal DAPL Shutdown
Libya's National Oil Corp accuses UAE of being behind oil blockade
OPEC+ preps for next challenge – how and when to restore oil output
U.S. turns screws on maritime industry to cut off Venezuela's oil
Crude Oil and Natural Gas Rig Count: U.S. --5, Canada +8, International -110

Oil Prices Up Amid Virus Treatment News
National Oil Corporation Lifts Force Majeure on All Libya Exports
Canceled Atlantic Coast pipeline threatens Marcellus shale’s future
Oil Slides on IEA’s Virus Warning and Libyan Export Restart
Oil Prices Fall As US Layoffs Loom
Energy Transfer Isn’t Shutting Dakota Access Pipeline Despite Ruling
Supreme Court restores streamlined permit for oil and gas pipelines
US gas exports to Mexico set to rise with Wahalajara completion
Iran's oil storage almost full as sanctions and pandemic weigh
Overheated Mediterranean oil market cools as refiners seek other grades
U.S. Court Orders Dakota Access Pipeline Shut, Emptied
Angola resists OPEC pressure to comply fully with oil cuts
Light Crude Settles Above $40
Oil Stockpiles Fall More Than Expected, Down 7.2M Barrels: EIA
Venezuela's oil exports sank in June to 77-year low: data
OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand
Oil barrels come off the water as storage boom at sea fades
Half-year discoveries total 4.9 billion boe, lowest of the century
API data show weekly U.S. crude supplies down by more  than 8 million barrels
Libyan oil output could resume on U.S.-backed negotiations
Norway sets oil export records as OPEC+ cuts leave a void in the market
Oil Prices Rebound Amid Positive Economic Data
Third-largest oil market projects faster recovery than OPEC’s estimates
Chesapeake Energy files for bankruptcy
Oil refiners adapt to post-lockdown shift to gasoline from diesel
 

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 © 1996-2020 by James L. Williams
 
James L. Williams
WTRG Economics 
P.O. Box 250
London, Arkansas 72847
Phone: (479) 293-4081
 
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email WTRG at wtrg@wtrg.com