WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News February 26, 2021  U.S. rigs were up 5 for the week. Rigs targeting oil were up 4, gas rigs where up 1 and unclassified rigs were unchanged. Canadian rig count was down 9. Oil is down 8 and gas drilling down 1. International rig count for December is down 4. 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 4, 2021
NYMEX Light Sweet Crude
+2.55
$63.83
ICE Brent  +2.67
$66.74
RBOB Gasoline NY Harbor
+0.0461
$1.9979
Heating Oil NY Harbor
+0.0603
$1.8960
NYMEX Natural Gas
-0.070 $2.746
 
Links to Oil, Gas, Energy Prices, News & Issues:
OPEC leaves cuts unchanged at the 14th OPEC and non-OPEC Ministerial Meeting
Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover
OPEC+ Silence Has Oil Market Second-Guessing Next Supply Move
Opec+ JMMC ends with no recommendation
Oil prices climb as OPEC puts further supply cuts on the table
OPEC+ Is Poised to Cool Oil Market With Extra Production
OPEC+ considers oil output roll over for Aprill
Iran Taps Old Oil Customers as It Eyes End of U.S. Sanctions
OPEC cautiously optimistic about market
To go electric, America needs more mines. Can it build them?
NYSE begins move to delist Chinese state oil producer CNOOC
All eyes on OPEC as global oil supply imbalance may force an output revision
Exxon restarts gasoline, diesel units at oil refinery in Beaumont, Texas
Crude Oil and Natural Gas Rig Count: U.S. +5, Canada -9 and International -4

Texas gas output halved in big freeze
Oil prices reach one-year high as global crude supplies shrink
Obituary: Yamani, the Saudi oil minister who brought the West to its knees (This is a must read)
Crude soars as key banks and traders project further oil price gains
The Texas electricity crisis and the energy transition
Saudi Arabia and Russia at odds before crucial OPEC meeting
OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise
Crude slide extends amid return of Texas output, thawing US-Iran relations
Falling Texas crude output becomes a global oil market crisis
OPEC+ under pressure to boost output as oil climbs towards peak
Oil Breaks $60 on Texas Supply Disruptions
Houston Ship Channel reopens to vessel traffic
U.S. will import 62% more crude by 2022 due to domestic production declines, says EIA
Biden and his climate team disparage workers as part of their fossil fuel rhetoric
U.S. deep freeze prompts natural-gas rally, and uranium prices melt up
Texas Deep Freeze Hits Energy Sector
Texas deep freeze hits energy sector, Houston ship channel shut
Cold weather hits Permian crude output
Biden order indefinitely postpones March lease sales in Gulf of Mexico, Western states
Oil prices rally as record winter storms hit Texas shale supplies
Canada’s Trudeau rejects a NAFTA challenge to Keystone XL shutdown
Enbridge laying pipe for Line 3 in Minnesota
Oil prices hit critical threshold for OPEC+: John Kemp
Analysis: Iran oil output faces race against time as U.S. sanctions linger

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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Phone: (479) 293-4081
 
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