WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News December 23, 2022  U.S. rigs were up 3 for the week. Rigs targeting oil were up 2, gas rigs up 1 and unclassified rigs were unchanged. Canadian rig count was down 103 . Oil rigs were down 92, gas drilling down 11 and unclassified rigs are 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 January 26, 2023
NYMEX Light Sweet Crude
+0.86 $81.01
ICE Brent +1.35
$87.47
RBOB Gasoline NY Harbor
+0.0188
$2.6166
Heating Oil NY Harbor
+0.0359
$3.2957
NYMEX Natural Gas
-0.067 $2.848
 
Links to Oil, Gas, Energy Prices, News & Issues:
With Russian gas gone, coal makes EU comeback as ‘traditional fuel’
In the past 20 years, natural gas has displaced most coal-fired generation in Pennsylvania
The U.S. economy ended 2022 on a high note. This year is looking different
Oil Steady as Rebound in China Weighs Against Recession Fears
Russian Oil Switching at Sea Gathers Pace
U.S. Oil & Gas M&A Hit 17-Year Low; Big Firms Dominate Deals
Oil slumps 2% on weak U.S. manufacturing, new crude build forecast
OPEC+ Set To Keep Oil Production Unchanged
Oil dips $1 on global economic concerns
Russian seaborne crude exports rebound to two-month high in January, report says
Texas, industry groups challenge Waters of the US (WOTUS) changes
Oil and Gas Market Recruitment Trends for 2023
FERC chair seeks consensus on new pipeline policy
Oil Updates — Crude dips amid high optimism; Russian oil shipped to Asia in Chinese supertankers
Iranian oil exports rise to record high despite western pressures: report
WoodMac: Global upstream challenges to compound in 2023
Analysts Flag Short Term Oil Price Upside
US’ warm weather could trigger record low gas demand in January
Venezuela crude cargoes to arrive in US next week
Cancelling Keystone XL Cost Thousands of Jobs and Billions in GDP: U.S. Government Report
Biden EPA Backs Off Plan to Crack Down on Smog From Permian Oil Drillers
Oil prices post weekly loss amid worries on demand and global economic slowdown
Saudi Arabia contributes to rebalanced oil market amid severe shocks in 2022
Oil prices fall nearly 5pc on worry over global economy
U.S. natgas futures rise 2% on forecasts for more LNG exports in Jan
Dallas Fed survey: Nearly two-thirds of oil & gas firms plan to grow capex this year
USA Sees 6 Billion Barrel Rise in Crude Oil and Lease Condensate Proved Reserves
U.S. Catches Up With Qatar As The World’s Largest LNG Exporter
CHINA’s manufacturers reported a severe contraction in business activity in December
Winter Storm Elliott Highlights Vulnerability Of U.S. Energy Systems
Oil Cos Could Turn Wastewater Into Revenue Stream

Benchmarking: Forecasts See More Demand Than Supply in 2023
U.S. rotary rigs  +3 and Canada -103
OPEC+ cautions against West’s bid to create buyers’ cartel, says Russian Deputy PM
Russia threatens to slash oil supplies in 2023, spooks markets
Winter storm cuts U.S. oil, gas, power output, sending prices higher
OPEC+’s more accurate predictions compared to others due to focusi on market fundamentals and leaving politics out of decision-making

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 2023 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