WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News October 21, 2022  U.S. rigs were up 2 for the week. Rigs targeting oil were up 2, gas rigs and unclassified were  rigs unchanged. Canadian rig count was down 6 . Oil rigs were down 6, gas drilling 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

30NYMEX Prices for December 5, 2022
NYMEX Light Sweet Crude
-3.05
$76.93
ICE Brent -2.89
$82.68
RBOB Gasoline NY Harbor
-0.0785
$2.2019
Heating Oil NY Harbor
-0.1687
$2.9998
NYMEX Natural Gas
-0.704 $5.577
 
Links to Oil, Gas, Energy Prices, News & Issues:
Manchin’s energy-permitting reform bill may get another chance
Russia Is Staring at $60/bbl Oil Now and Plenty More Problems Ahead
Oil Falls Amid Market Uncertainties
Saudi Arabia Cuts Oil Prices To Asia To 10-Month Low
Texas continues to lead U.S. energy production powered by oil and natural gas
Upstream spending in Russia’s oil and gas sector set to fall 30% in 2022
OPEC+ Predicted to Hold Output Steady as Meeting Moves Online
Xi: China Looks To Boost Energy Partnership With Russia
OPEC+ Seen Considering Deeper Output Cuts as Oil Market Falters
India and China are still snapping up Russian oil — but demand huge bargains hitting Kremlin's war chest
EU Oil Price Cap Talks Go Down to the Wire
Report: U.S. and EU Are Close to a Deal on Russian Oil Price Cap
U.S. Navy Finds Evidence of Iranian Involvement in Attack on Israeli Tanker
OPEC-Plus Navigates Murky Market Outlook
US New England Set to Get First LNG Cargo Since Summer
Frac-sand plant fire in Eagle Ford threatens supplies for Texas shale wells
Europe Still Can't Quit Russian LNG - Yahoo Finance
US oil futures point to oversupply for first time this year
IEA: China dominates non-OECD demand outlook
U.S. heating oil prices up 65% from year ago
Biden asks Congress for $500 million to modernize underground oil reserves
David Yager: IEA Versus OPEC – Opposing Views on the Future of Energy and the World – Who to Believe?
OPEC cuts oil demand growth forecast again as economic challenges mount
U.S. to Allow Some Russian Energy-Related Transactions Until Next May
US blocks more than 1,000 solar shipments over Chinese slave labor concerns
US sees oil growth slowing in 2023, falling short of record
Permian loses some luster for US majors
Fire breaks out on Iranian oil pipeline, IRGC office nearby attacked
Crude Tanker Hauling Russian Oil Sits for Days Off UAE’s Coast
Oil prices surge on hopes China will ease Covid restrictions
The G7 Will Set A Fixed Price On Russian Oil
Craters found on seafloor close to damaged Nord Stream pipeline
Energy crisis putting most German firms under duress -survey
Russia Agrees to Participate in Black Sea Grain Corridor Once More
Russia's expanding 'dark fleet' of tankers won't prevent its oil exports from crashing, top energy trader says
Oil Advances With Broader Market Rally Ahead of Rate Decisions
Biden Tells Oil Firms He Will Tax Their Windfall Profits
Russia, Iran start oil-product swap as ties deepen under sanctions
First Major Cold Fronts Will Test Natural Gas and Heating Oil Inventories
Pioneer lifts thresholds for future wells
U.S. rotary rigs  +2 and Canada -6


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 2022 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