Featured Articles

Nov 21, 2014

Forecast & Analysis

Cliffs Natural Resources: Why Deutsche Bank Cut Its Rating -- Barron's Blog

By Ben Levisohn After yesterday's announcement that Cliffs Natural Resources ( CLF) would look to exit its Bloom Lake project, Deutsche Bank's Jorge Beristain and team slashed their rating on the struggling iron miner to Hold from Buy... Full Story

Low Oil Prices to Test US Energy Boom -- Market Talk

Energy consultant and forecaster IHS forecasts US "tight" oil production growth to be 700k barrels a day in 2015, if oil prices average $77 a barrel. That's down from the more than 1M barrel of growth in 2014, but not derailed by low oil prices... Full Story

Big Oil, Big Value -- Barron's Blog

By Ben Levisohn HSBC's Gordon Gray and team think it's time to start buying big oil companies like Total ( TOT), Chevron ( CVX) and BP ( BP). In a report released yesterday, they explained why: The market seems to have capitulated on the big oils, with the sector at new relative lows... Full Story

Natural-Gas Prices Rise on Larger-Than-Expected Storage Withdrawal

By Timothy Puko NEW YORK--Natural-gas futures jumped Thursday after the year's first stockpile drain turned out to be larger than expected. Consumers shrank storage levels by 17 billion cubic feet in the week ended Nov. 14, the U.S. Energy Information Administration said... Full Story

Oil at $75 Means Patches of Texas Shale Turn Unprofitable

By Isaac Arnsdorf Nov 20, 2014 With crude at $75 a barrel, the price Goldman Sachs Group Inc. says will be the average in the first three months of next year, 19 U.S. shale regions are no longer profitable, according to data compiled by Bloomberg New Energy Finance... Full Story

Thanksgiving Travel to Reach Seven-Year High, AAA Says

By Lynn Doan Nov 20, 2014 Americans will take advantage of an improving economy and lower gasoline prices to travel the most over the Thanksgiving holiday since the recession, AAA said. The number of people taking trips of more than 49 miles will total 46.3 million, the most for the Nov... Full Story

Top News Stories

JPMorgan Power Market Influence Targeted in Senate Report

By Harry R. Weber and Lynn Doan Nov 20, 2014 Lawmakers will hear about the influence big banks can have over the U.S. power markets when they can own plants, supply fuel to those units and trade based on the electricity they generate... Full Story

Iran Vows to Defend Oil-Market Share as OPEC to Review Output

By Golnar Motevalli and Anthony DiPaola Nov 20, 2014 Iran will protect its share of global crude sales under all circumstances, Oil Minister Bijan Namdar Zanganeh said, as OPEC members prepare to meet next week to review production levels... Full Story

Iranians Count Cost of Sanctions as Nuclear Accord Deadline Nears

By Golnar Motevalli Nov 20, 2014 After a decade of impasse, years of punishing trade embargoes and 12 months of talks, comes a last-ditch push for an accord on Iran’s nuclear program... Full Story

Keystone Foes Using One-Vote Win in U.S. Senate to Raise Funds

By Mark Drajem and Jim Snyder Nov 19, 2014 Environmental foes of the Keystone XL pipeline are using their narrow victory in the U.S. Senate yesterday to raise money... Full Story

Four Die in Suicide Attack in Northern Iraqi City of Erbil

By Matt Bradley At least four people were killed and 29 injured on Wednesday when a suicide attacker detonated a car bomb in front of a government building in Erbil, in an attack that has shattered the relative tranquility of the capital of the semiautonomous region of Kurdistan... Full Story

U.S. Crude-Oil Stockpiles Show Unexpected Rise

NEW YORK--U.S. crude stockpiles unexpectedly rose in the week ended Nov. 14, according to data released Wednesday by the U.S. Energy Information Administration. Crude-oil stockpiles rose by 2.6 million barrels to 381... Full Story

Financial

Crude Rises as China Rate Cut Spurs Optimism About Demand

By Mark Shenk Nov 21, 2014 West Texas Intermediate and Brent crudes rose after China, the world’s second-largest oil-consuming country, cut interest rates to bolster its economy... Full Story

Natural Gas Sets Four-Month High on Season's First Stockpile Drain

By Timothy Puko NEW YORK--Natural-gas prices closed at a new four-month high Thursday as an early burst of winter cold drains stockpiles for the first time this season. The Arctic chill that descended for about a week has exposed lingering fears about the potential for gas to skyrocket... Full Story

Oil Prices Rise on Changing OPEC Expectations

By Nicole Friedman Oil prices gained Thursday, snapping a three-day losing streak, on expectations that the Organization of the Petroleum Exporting Countries would take action at its meeting next week to stop prices from falling... Full Story

Brent Gains First Time in 4 Days as Investors Weigh OPEC

By Moming Zhou Nov 20, 2014 Brent and West Texas Intermediate crude gained for the first time in four days as investors weighed the potential outcome of next week’s OPEC meeting... Full Story

Natural Gas Prices Retreat After Larger-Than-Expected Storage Withdrawal

By Timothy Puko NEW YORK--Natural gas futures flipped to losses late Thursday morning despite the year's first drain on stockpiles turning out to be larger than expected. Consumers shrank storage levels by 17 billion cubic feet in the week ended Nov. 14, the U.S... Full Story

Oil Prices Edge Higher on Hopes for Tighter Market

By Timothy Puko And Cassie Werber NEW YORK--Oil prices are slightly higher Thursday as traders are increasingly optimistic that the global cartel of oil exporters will move to tighten the market. The Organization of the Petroleum Exporting Countries meets on Nov... Full Story

Releases

Texas Advisory Firm Ordered to Pay Exxon Retirees $3.8 Million

By Matthias Rieker An arbitration panel ordered a Texas advisory firm to pay a group of 19 retired Exxon Mobil Corp. (XOM) employees a total of $3.8 million for losses from an alleged failed investment strategy designed to protect them from stock-market downturns... Full Story

Brazil Freezes Suspects' Assets in Petrobras Probe

By Paulo Trevisani BRASÍLIA--Brazil's central bank has frozen around $18.6 million in assets of suspects in connection with a broad investigation into alleged embezzlement at state-controlled oil firm Petróleo Brasileiro SA, prosecutors said Thursday... Full Story

Suncor Energy announces pricing of US$750 million notes offering

CALGARY, ALBERTA--(Marketwired - Nov. 20, 2014) - Suncor Energy announced today that it has priced an offering of US$750 million in aggregate principal amount of senior unsecured notes due on December 1, 2024 (the "2024 Notes"). The 2024 Notes will have a coupon of 3.60%... Full Story

Brent Gains First Time in 4 Days as Investors Weigh OPEC

By Moming Zhou Nov 20, 2014 Brent and West Texas Intermediate crude gained for the first time in four days as investors weighed the potential outcome of next week’s OPEC meeting... Full Story

Billion Arctic Oil Barrels Mean Austria’s OMV Unfazed by Slump

By Mikael Holter Nov 20, 2014 Tumbling oil prices aren’t deterring OMV AG (OMV) from its Arctic ambitions, as the Austrian explorer plans to begin exploiting a discovery in the Barents Sea from 2022... Full Story

Technip Offers $1.8 Billion to Buy Oil Surveyor CGG

By Tara Patel Nov 20, 2014 Technip SA (TEC), Europe’s largest oil-and gas-services company, proposed buying CGG SA (CGG) for about 1.47 billion euros ($1.8 billion) in a cash offer rejected by the seismic surveyor. Technip bid 8... Full Story

Weather

More Snow Threatens Buffalo Area as Flood Risk Rises

By Brian K. Sullivan and Freeman Klopott Nov 20, 2014 Lake-effect snow that killed eight people and halted travel across western New York may reach as high as 7 feet in some areas before stopping tomorrow, when temperatures will start to rise along with the risk of flooding... Full Story

This Week’s Bitter Cold Is Courtesy of the Tropics

By Brian K. Sullivan Nov 11, 2014 Record cold, banks of snow in the upper Midwest and a chill that will give people shivers from Canada to Texas this week are courtesy of Pacific Typhoon Nuri, which morphed into a super storm that set a barometric pressure record in the Bering Sea... Full Story

Personalized Hurricane Risk Gauge Targets Deadliest Stage

By Brian K. Sullivan Nov 7, 2014 When a hurricane comes ashore, there are so many dangers: tree-snapping winds, torrential downpours and even tornadoes spawned by the tempest itself. But it’s the wall of water that tropical systems push onto land, known as storm surge, that tops the list... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 11-07-2014 Our prediction for week ending 11-14-2014
611 3599
Weekly change
+40up -4 downest

Commodity Prices ($)

Natural Gas4.167
Crude Oil93.64
Heating Oil2.9017
RBOB Gas2.8118
Coal59.03