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 April 17, 2024
NYMEX Light Sweet Crude
-2.67
$82.69
ICE Brent -2.73
$87.29
RBOB Gasoline NY Harbor
-0.0936
$2.7287
Heating Oil NY Harbor
-0.0766
$2.5747
NYMEX Natural Gas
-0.020
$1.712
 
Links to Oil, Gas, Energy Prices, News & Issues:
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
U.S. Crude Oil Stocks Fall by 2 Million Barrels in Week Ended March 15
India buying more US oil as sanctions stifle Russian flows
Oil and gas companies are way off-track from Paris Agreement goals, finds new combined alignment scorecard
Shadow-fleet oil tanker damaged in collision near Denmark
U.S. Oil Output to Exceed 14 Million bpd and Then Plateau, Says Conoco chief
AI helps support demand for US natural gas
Saudi Aramco CEO Says No Peak in Oil Demand for Some Time to Come
US Sanctions Oil Tanker For Illicit Shipment Of Iranian Commodities To Houthis
AI Promises Faster Oil Drilling and Even More U.S. Crude Supply
As project economics rebound, upstream FIDs to increase in 2024, with focus on deepwater resources
Cost advantage of natural hydrogen sparks energy companies’ interest – report
Oil prices hit 5-month high after IEA revises demand projection over tighter market; Brent at $85/bbl
IEA again raises oil demand outlook but still lags OPEC
Oil Rises on Russian Refinery Attacks, Signs of Strong Demand

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
 
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email WTRG at wtrg@wtrg.com