WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News August 11, 2023  U.S. rigs were down 5 for the week. Rigs targeting oil were unchanged, gas rigs down 5 and unclassified rigs were unchanged. Canadian rig count was up 2.
When 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 14, 2024
Happy
  π Day
NYMEX Light Sweet Crude
+1.54
$81.26
ICE Brent +1.39
$85.42
RBOB Gasoline NY Harbor
+0.0418 $2.7033
Heating Oil NY Harbor
+0.0237
$2.7088
NYMEX Natural Gas
+0.083 $1.741
 
Links to Oil, Gas, Energy Prices, News & Issues:
Oil prices hit 5-month high after IEA revises demand projection over tighter market; Brent at $85/bbl
IEA again raises oil demand outlook but still lags OPEC
Oil Rises on Russian Refinery Attacks, Signs of Strong Demand
Bakken Drillers Push Back Against U.S. Carbon Pipeline Company's No Oil Recovery Promise
Why U.S. LNG Exports are Surging
Oil Price Gains Capped by Demand Concerns
Oil Dips as Investors Weigh Rate Cut Signals With Ample Supply
Oil Slips Despite Positive Chinese Data as Rate Cut Concerns Weigh on Sentimen
U.S. Pause on New LNG Export Licenses May Last Months Under Review
Sanctioned Russian Tanker Arrives In Chinese Port, Unloads 700,000-Barrel Crude Cargo
U.S. Natgas Output Down 7% as Producers Cut Back Amid Price Collapse
Ship hit and damaged in latest vessel attack near Yemen’s coast
Indian Navy Rescues 23 Crew Members from Ship Attacked By Drone Strike In the Gulf of Aden
Oil Rises After OPEC+ Extends Output Cuts
U.S. oil output hits record as producers boost drilling efficiency: Kemp
U.S. Takes Lead as Top Supplier to Europe for Crude, Diesel and LNG
Federal court overturns Obama-era coal leasing moratorium
DOE seeks another 3 million bbl of crude to refill Strategic Petroleum Reserve
Oil price news: Oil declines within its narrow band as prices tread water
US-UK Vessels and Israeli Port Targeted By Houthis In The Latest Attacks
Crude Prices Near Multi-Month Highs
Oil Rises on Softer Dollar, Shipping Attack
Red Sea Conflict Hits Egypt, Other Parts of the Region
Global Oil Demand Hits Seasonal Highs for the 8th Time in Year - JODI Data
Venezuela’s state oil company bonds collapse after court ruling
Oil Industry, Green Groups Challenge Biden Offshore Drilling Plan
Red Sea crisis: what crisis? Not for US refiners as refining margins boom
Houthi strikes force crew to abandon ship for first time
U.S. Refinery M&A Stalls as Buyers Shun Aging Assets, Uncertain Future
U.S. House Passes Bill to Reverse Biden’s LNG Pause but Still Faces Battle with Democrat-Controlled Senate
Oil Holds Advance With Competing OPEC, IEA Outlooks to the Fore
Halting American Natural Gas is a Dangerous Political Dance
OPEC Chief Says Robust Oil Demand Makes Peak Look 'Far Out'
US majors’ Permian output plans to test Opec’s resolve

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 2024 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