WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News January 27, 2023  U.S. rigs were unchanged for the week. Rigs targeting oil were down 4, gas rigs up 4 and unclassified rigs were unchanged. Canadian rig count was up 6. Oil rigs were 4 higher, gas drilling was down 2 and unclassified rigs are unchanged. International rig count for March is up 14. Follow the link for detailed tables and graphs.
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 June 2, 2023
NYMEX Light Sweet Crude
+1.64 $71.74
ICE Brent +1.85
RBOB Gasoline NY Harbor
Heating Oil NY Harbor
NYMEX Natural Gas
+0.014 $2.172
Links to Oil, Gas, Energy Prices, News & Issues:
OPEC+ discussing deepening oil production cuts, sources say
OPEC has not invited Reuters, Bloomberg to report on weekend policy meets
Texas power outages spark a rush to invest in batteries before high returns fade
Rystad: Global gas prices fall further on limited downstream demand
OPEC oil output falls 460,000 barrels per day in May, Reuters survey shows
Oil Falls Below $70 A Barrel On Demand Concerns
Oil rises for third day after Saudi warning to speculators
US crude inventories tumble 12.5 million barrels as refinery inputs, exports remain strong
Saudi oil minister warns market speculators to 'watch out' ahead of OPEC+ meeting
Oil gains as market absorbs Saudi warning to short sellers
Iraq's Kurdish Oil Output Falls as Pipeline Outage Continues
Permian, Haynesville Driving U.S. Oil, Gas Production Growth
Analysis: Wells in Top U.S. Oil Basins Getting Gassier
Fires Threaten Oil Sands; ConocoPhillips Briefly Pulls Staff
Rebounding China LNG demand to deplete EU stocks – WoodMac
Both Sides in Canada-U.S. Pipeline Debate Clash Today Over Cross-Border Line 5
U.S. Department of Energy soliciting bids for crude oil to replenish petroleum reserve
Oil dips as weaker China, US economic data offset IEA demand forecast
Deepwater rig contracting activity picking up
Refinery Utilization Plans Tell Story Of Strong Oil Products Demand in U.S.
Tight Market for Sour Crude Oil to Squeeze US Gulf Coast Refiners
Oil holds fourth weekly decline as concerns over demand linger
Canada's Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
Shale Steals The Show As Oil & Gas Spending Surges
White House Backs Faster Energy Project Permits, Joining Republicans
Oil slips as U.S. crude stock build offsets nascent demand uptick
Investors Dumped Oil, Curtailing OPEC⁺ Driven Rally – John Kemp
U.S. House committee to consider bill on pressuring OPEC oil group
Wildfire Latest: Rystad Sees Canada Output Down 500,000 Barrels
Biden’s Oil-Reserve Withdrawals Spark Republican Demand for Audit
The Gulf of Mexico Has a $30 Billion Unplugged Oil Well Problem
Oil Prices Rise on Technical Correction
Shale Oil Drilling Getting Cheape
Oil and gas contract awards dip during first quarter

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