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 4, 2026

NYMEX Light Sweet Crude
+6.35
$81.01
ICE Brent +4.01
$85.41
RBOB Gasoline NY Harbor
+0.1560
$2.5709
Heating Oil NY Harbor
+0.3205 $3.6143
NYMEX Natural Gas
+0.086
$3.003

Graphs: Oil & Gas Spot and Futures price
 
Links to Oil, Gas, Energy Prices, News & Issues:
US says 'firepower over Iran to surge dramatically' as Israel declares 'next phase' of war
Crude Oil Prices Surge as Iran War Upends Global Crude Flows
Tanker traffic collapses in Strait of Hormuz, spiking insurance, fertilizer costs
White House Weighs U.S. Backstop for Tanker Insurance Amid Gulf Shipping Crisis
Iranian barrages test allied interceptor reserves as US sounds alarm for Americans in region
Oil surges, stocks plunge as fears of prolonged Iran war hit markets
Global Energy Costs Soar as Iran Crisis Disrupts Shipping, Oil and Gas Production
Fires rage at Iran's Bandar Abbas naval headquarters, Strait of Hormuz traffic stalled
Gulf War Risk Insurance Pulled as Reinsurers Exit
The First 36 Hours: Strait of Hormuz Becomes a War Zone, Tankers Hit, Shipping Giants Halt Gulf Transits
US-Iran conflict: Strait of Hormuz crisis reshapes global oil markets
Oil Pushes Higher With Iran Conflict Adding Upside Pressure
Oil Hits 7-Month Highs As Iran Talks Stall, Regional Tensions Rise
Judge Says He Will Order Greenpeace to Pay an Expected $345 Million in Dakota Access Oil Pipeline Protest Case
Task Force Scorpion Strike: The Pentagon’s New Kamikaze Fleet Aimed at Tehran’s Nuclear Heart
US hits Iran with sweeping sanctions
Corpus Christi Expansion Cements U.S. Position as Global LNG Export Leader
Huge Supertanker Bet Keeps Growing With US Gulf Locked Up
Energy Department Approves Export Expansion at Corpus Christi LNG
What’s at Stake for Oil If Iran-US Tensions Escalate
Saudi Arabia, Iran Boost Oil Exports amid Rising Mideast Tensions
In marathon State of the Union address, Trump makes case for attack on Iran plans, makes scant mention of Ukraine
Occidental CEO Says Industry Needs $70/barrel Oil to Grow Production
Ten years after first Sabine Pass cargo, U.S. LNG exports are still on the rise
Goldman Sachs raises 2026 oil price forecast
Oil Market Remains Firmly in Wait and See Mode
Retirement delays of U.S. electric generating capacity may continue in 2026
US Allows Oil Majors to Broadly Operate in Venezuela, New Energy Investments
Supreme Court strikes down Trump’s IEEPA tariffs: What procurement leaders must do next
 Supreme Court to rule on Exxon’s $1 billion Cuba assets claim
Supply chain constraints limit the growth of gas-fired generation in the US
Russian Oil Most Discounted Since 2023 on Western Sanctions
Crude Oil Prices Supported by Heightened Geopolitical Risks and Falling US Supplies
Crude Oil Prices Supported by Heightened Geopolitical Risks and Falling US Supplies
Crude Prices Weaken on Progress in US-Iran Nuclear Talks

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
Copyright © 1996 2026 by James L. Williams
 
James L. Williams
WTRG Economics 
London, Arkansas 72847
Phone: (479) 223-3614
 
To contact us or if you have comments or suggestions,
email WTRG at wtrg@wtrg.com