Featured Articles

Apr 25, 2015

Forecast & Analysis

Saudi Arabia Risks Concentrating Power Too Much -- Market Talk

Saudi Arabia's regime has demonstrated a robustness during the recent transition to a new king that many don't give the ruling al Saud family enough credit for, according to Raad Alkadiri, an analyst with IHS... Full Story

A Brutal 1Q for Oil Cos Could Mean It's Time to Invest -- Market Talk

It's been a brutal first quarter for oil companies with crude prices trading at multi-year lows. That's likely to show up in first quarter earnings next week. Bernstein forecasts European integrated oil companies' net earnings will show a 30% decline year-on-year... Full Story

Oil Rally Might Not Be Sustainable Warns Commerzbank -- Market Talk

Factors ranging from a weaker dollar to a slight decline in U.S. oil production are fueling the bullish sentiment on the oil market but the rally might not be sustainable, says Commerzbank. "On closer inspection, these factors ultimately reveal themselves to be 'soft' reasons," it cautions... Full Story

Saudi Oil Flows Threaten Oil Price Rally -- Market Talk

[Dow Jones]--Unpredictable geopolitical flare-ups should continue to support Brent prices but are likely to be short-lived and Saudi Arabian production has a greater influence on prices, Mark Pervan, head of research at ANZ says. "Saudi Arabia ramped up output to record high levels of 10... Full Story

Societe Generale Raises Oil Price Forecasts -- Market Talk

[Dow Jones]--Societe Generale has raised its oil-price forecasts as U.S. crude production has reached a plateau and is expected to decline soon. "We also have evidence that the global rebalancing process, taking place on the back of U.S... Full Story

Oil at $65 Could Free 500,000 Barrels From Shale ’Fracklog’

by Lynn Doan and Dan Murtaugh Oil needs to recover to $65 a barrel for U.S. drillers to tap a pent-up supply locked in shale wells and unleash more crude on markets than is produced by Libya... Full Story

Top News Stories

US Oil-Rig Count Declines for 20th Week -- Market Talk

Baker Hughes' weekly rig-count data show a 20th-straight week of declines in the number of active US oil rigs as drillers keep pulling back due to lower crude prices versus what was seen all decade. The past week, the count fell 31 to 703, 56% less than six months ago... Full Story

Oil Glut Hurting Demand For Key Types of Railway Cars

By Bob Tita Declining output from shale-oil fields cut demand for key types of railroad cars, new data shows, the latest sign of the fallout from lower oil prices... Full Story

Nigerian Central Bank Orders Lenders to Disclose Bad Debtors

by Paul Wallace Nigeria has ordered banks to publish lists of individuals and companies with non-performing loans to curb a rise in bad debt as the industry stumbles amid low oil prices... Full Story

Rust Belt Russians Lash Out as Putin's Economy Sputters

by Carol Matlack and Henry Meyer Vladimir Putin's economic model has relied on abundant oil and gas revenue to fuel consumer spending and raise living standards. Modernizing Russia's outdated industrial base hasn't been a priority... Full Story

Half of U.S. Fracking Companies Will Be Dead or Sold This Year

by David Wethe Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said... Full Story

Half of U.S. Fracking Companies Will Be Dead or Sold This Year

Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said... Full Story

Financial

Natural Gas Unchanged

By Timothy Puko Natural gas pared gains back to unchanged as bearish bank analysts are advising summer speculators not to get excited. Natural gas for May delivery settled at $2.531 a million British thermal units on the New York Mercantile Exchange... Full Story

Oil Prices Retreat

By Timothy Puko U.S. oil prices slipped Friday as crude traders refocused on signs of oversupply. Light, sweet crude for June delivery lost 59 cents, or 1%, to $57.15 a barrel on the New York Mercantile Exchange... Full Story

Natural Gas Gets Bump on Summer Speculation

By Timothy Puko Natural gas prices are getting a boost as traders start to anticipate summer demand. Natural gas for May delivery rose 1.4 cents, or 0.6%, at $2.545 a million British thermal units on the New York Mercantile Exchange... Full Story

Oil Prices Retreat on Oversupply, Stronger Dollar

By Timothy Puko And Georgi Kantchev Oil prices retreated Friday as the dollar pared losses and crude traders refocused on signs of oversupply. Light, sweet crude for June delivery traded down $1.21, or 2.1%, at $56.53 a barrel on the New York Mercantile Exchange... Full Story

Nymex Crude Settlement Is Highest Since December

Nymex Crude Settles Up $1.58, or 2.8%, at $57... Full Story

Natural Gas Prices Slip After Larger-Than-Expected Add to Stockpiles

By Timothy Puko Natural gas prices maintained their losses Thursday after data showed stockpiles grew more than expected, doubling their addition from this week last year. The U.S... Full Story

Releases

Chesapeake to Pay $25 Million to Settle Michigan Charges

By Erin Ailworth Chesapeake Energy Corp. has agreed to pay $25 million to settle antitrust allegations made by Michigan's attorney general, as well as complaints that it misled hundreds of landowners to obtain leases in the state... Full Story

Cnooc 1st-Quarter Oil, Gas Revenue Down 40% on Lower Crude Prices

By Chester Yung HONG KONG--Cnooc Ltd. (0883.HK), China's biggest offshore oil and gas producer by output, Friday said first-quarter oil and gas revenue dropped 40% from a year earlier, dragged down by a sharp decrease in global oil prices... Full Story

E.ON To End Natural Gas Supply Operations for Hungary Households

By Margit Feher BUDAPEST--The Hungarian arm of German utility giant E.ON SE (EONGY) said Friday it will end its natural gas supply operations for Hungarian households... Full Story

Eni S.p.A. 1Q 2015 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Eni S.p.A. (E) first-quarter results, based on a poll of nine analysts conducted by Dow Jones Newswires... Full Story

Petrobras Erases Corruption Probe Losses After Audited Results

by Julia Leite Petroleo Brasileiro SA wiped out the stock plunge sparked by Brazil’s largest kickback investigation after releasing long-delayed earnings. The state-controlled oil driller rose as much as 6.7 percent to 13.78 reais on Friday, erasing losses accumulated since Nov... Full Story

Petrobras Bondholders’ Doomsday Scenario Averted With Earnings

by Julia Leite and Paula Sambo For bond investors, the release of Petroleo Brasileiro SA’s audited earnings means a potential disaster was averted: a default with the potential to put billions of dollars of debt repayments in limbo. That still doesn’t mean investors can breathe easy... Full Story

Weather

Florida’s Hurricane-Free Stretch Has Insurer Bracing for Storms

by Darrell Preston Florida hasn’t been hit by a hurricane since 2005, the longest stretch in more than a century. Its state-run property insurer isn’t taking any chances... Full Story

The Pacific Ocean may have entered a new warm phase — and the consequences could be dramatic

Two new studies have just hit about the “warm blob” in the northeast Pacific ocean — a 2 degree C or more temperature anomaly that began in the winter of 2013-2014 in the Gulf of Alaska and later expanded... Full Story

The Pacific Ocean may have entered a new warm phase — and the consequences could be dramatic

Two new studies have just hit about the “warm blob” in the northeast Pacific ocean — a 2 degree C or more temperature anomaly that began in the winter of 2013-2014 in the Gulf of Alaska and later expanded... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 4-10-2015 Our prediction for week ending 4-17-2015
1539 1627
Weekly change
+63up +88upest

Commodity Prices ($)

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