WTRG Economics Rig Count
                      and Energy Forecasts

Analysis, planning, forecast and data services for energy producers and consumers.
Rig Count News August 7, 2020  U.S. rigs were down 4 and has decline in 21 of the last 22 weeks. Rigs targeting oil were down 4 and gas rigs were unchanged.Canadian rig count was up 2. Oil drilling was increased 2, gas drilling was up 1 and unclassified rigs were down 1 to 0. International rig count for May is down 110. Follow the link for detailed tables and graphs.
Oil Futures Price Goes 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 August 10, 2020
NYMEX Light Sweet Crude
+0.72
$41.94
ICE Brent +0.59
$44.99
RBOB Gasoline NY Harbor
+0.0217
$1.2293
Heating Oil NY Harbor
+0.0170
$1.2369
NYMEX Natural Gas
-0.085
$2.153
 
Links to Oil, Gas, Energy Prices, News & Issues:
Saudi Arabia Lowers Shipments to America Again
Gulf monarchies struggle to diversify
COVID-19’s impact on commercial jet fuel demand has been significant and uneven
Crude Oil and Natural Gas Rig Count: U.S. -4, Canada +2, International -110

U.S. natgas soars to December high in best week since 2009
Gulf energy ministers, Iraq see improving global economy in Friday call
Libya’s oil blockade expected to persist
IHS Markit Raises Oil Price Forecast
Canadian heavy oil discount narrows slightly, widening seen resuming on higher output
Refining margins mired between OPEC+ and recession
Oil prices slip on uncertainty over U.S. recovery, stimulus
Oil Mixed as EIA Records Inventory Draw Amidst Pandemic Worries
U.S. Appeals Court Allows Dakota Access to Keep Running
China only fulfils 5% of Sino-US energy trade deal in first half of 2020
U.S. natgas soars nearly 17% as LNG exports rise, heat returns
Marathon Petroleum to permanently close two U.S. oil refineries
Oil tests $40 as OPEC’s extra barrels loom on the horizon
Exxon posts deepest-ever loss as Covid-19 destroys global oil demand
Chevron reports worst quarter in 30 years, warns of continued Covid-19 impacts
Offshore driller Noble Corp. files for bankruptcy to handle $3.4 billion in debt
Light Crude Closes Below $40
Trump lets Keystone line ship more oil as expansion plans stall
Dakota Access pipeline shutdown challenge moves to Federal appeals court
US crude stocks hit 14-week low amid rising exports, refinery demand: EIA
U.S. Natural Gas Rises 2% as Pipeline Exports Increase, Despite Warm Forecasts
API data show a nearly 7 million-barrel weekly drop in U.S. crude supplies, sources say
The oil tax difference between Alaska and Texas
PATH FORWARD: Offshore Market Outlook from Baker Hughes’ Neil Saunders
Oil Slides On Expected U.S. Supply Increases
Iran's Islamic Revolutionary Guard Corps held military drills off the Strait of Hormuz
Is China Still a Developing Country? And Why It Matters for Energy and Climate
Bakken Blues: North Dakota oil fields taking big hits
Shale Lenders in Retreat After Decade That Fueled Oil Boom
Ranchers Sue Texas Oil Regulators for Loosening Rules During Pandemic

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 © 1996-2020 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