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 May`17, 2024
NYMEX Light Sweet Crude
+0.83
$80.06
ICE Brent +0.71
$83.98
RBOB Gasoline NY Harbor
+0.0364
$2.5742
Heating Oil NY Harbor
+0.0426
$2.4863
NYMEX Natural Gas
+0.131
$2.626
 
Links to Oil, Gas, Energy Prices, News & Issues:
Oil, Gas Groups Sue to Block U.S. Rule Raising Drilling fees on Public Lands
Yemen’s Houthis Vow To Target All Ships Bound For Israeli Ports
US to start $3.4B buy-up of domestic nuclear reactor fuel
Rystad Energy: Oil demand to grow in mid-term, future depends on clean tech and policy
U.S. Oil Output in Top Shale Regions to Hit Six-Month High in June, EIA Says
India oil demand driven by consumers rather than industry
Iraq: Chinese Firms secure more oil and gas exploration rights
Why the IEA is Wrong About Peak Oil Demand
EIA: US crude inventories down 1.4 million bbl
Ukraine’s strategy of hitting Russian oil refineries is working
Oil Rises on U.S. Crude Storage Draw, China Imports Up
Greek Navy Extends Advisory To Curb Ship-to-ship Transfers Of Russian Oil Off Greece
OTC 2024: BP executive says Gulf of Mexico will remain key E&P region
Oil Steadies as Weak Physical Markets Balance Middle East Tensions
U.S. Has Sufficient Oil Supply Reserve to Address any Supply Concerns, Biden Adviser Says
Oil Climbs as Gaza Tensions Rise, Saudi Arabia Hikes Prices
Oil and gas discoveries plunge to record lows as exploration costs skyrocket
US appeals court upholds FERC approvals for gas pipeline expansion
Maersk sees Red Sea conflict absorbing up to 20% ship capacity
Oil Falls for a Third Day on Middle East Ceasefire Hopes
Optimism prevails in the global energy sector despite threat of political uncertainty, DNV report finds
Biden administration urges Enbridge pipeline shutdown to be reconsidered
US EIA raises oil output, price forecasts for 2024
U.S. Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten
Europe’s limited storage space will push gas into Asia
Despite $90 Crude, US Oil Output Capped by Weak Natgas Prices
Brent boosted by geopolitics, jumps over $90
U.S. manufacturers emerge from slump, set to boost fuel use
Forecasters: "Extremely active" Atlantic hurricane season ahead
Strategic blow: Alleged Israeli airstrike takes out Iranian general in Damascus
Chevron flows Leviathan natural gas liquids to Israel's Ashdod refinery
Colonial Pipeline Freezes Fuel Shipment Nominations on Baltimore Section Amid Port Shutdown
From AI to Oil, Demand Dominates the Talk in Houston – CERAWeek Key Takeaways
Russia tells oil companies to cut output to meet OPEC+ target
Oil Futures Fade Early-Week Highs as Traders See Divergence
No Go Joe: Biden’s LNG-Permit Halt Challenged by 16 States in Lawsuit
Hopes of a Gaza Ceasefire Are Putting Oil Prices Under Pressure

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 2024 by James L. Williams
 
James L. Williams
WTRG Economics 
P.O. Box 250
London, Arkansas 72847
Phone: (479) 293 4081
 
To contact us or if you have comments or suggestions,
email WTRG at wtrg@wtrg.com