Featured Articles

Nov 26, 2014

Forecast & Analysis

Oil Up, All Eyes On OPEC, Says Commerzbank -- Market Talk

[Dow Jones]--Crude oil is slightly up Wednesday, with all eyes focused on the outcome of the Organization of Petroleum Exporting Countries' meeting in Vienna this week. "The market remains volatile in the run-up to OPEC's meeting," says Commerzbank in a note to clients... Full Story

Oil Bust of 1986 Reminds U.S. Drillers of Price War Risks

By Asjylyn Loder Nov 26, 2014 The last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans. In 1986, the Saudis opened the spigot and sparked a four-month, 67 percent plunge that left oil just above $10 a barrel. The U.S... Full Story

Citi Ups Petrobras To Buy, Sees 23% Upside -- Barron's Blog

By Teresa Rivas Petroleo Brasileiro's ( PBR) ADRs were rallying early today, despite news that it had received a subpoena from the Securities and Exchange Commission, helped by an upgrade by Citigroup... Full Story

Analysts Expect 100,000-Barrel Drop in Crude Stocks

By Christian Berthelsen U.S. crude-oil stocks are expected to decline in data due on Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates from 10 analysts surveyed showed that U.S... Full Story

Itau Sees Oil Price Recovery, But Not Above $100 -- Market Talk

Economists at Brazil's Itau Unibanco expect a recovery in oil prices, but it is not likely to rise above $100 a barrel... Full Story

UBS: Brazil Not The New India--Unfortunately -- Barron's Blog

By Teresa Rivas Two BRIC pillars, Brazil and India, are headed in very different directions, writes UBS analysts Geoff Dennis, Guilherme Loureiro and Howard Park... Full Story

Top News Stories

U.S. Crude Oil Stocks Rise to Near Five-Month High

NEW YORK--U.S. crude stockpiles unexpectedly rose in the week ended Nov. 21, according to data released Wednesday the U.S. Energy Information Administration. Crude-oil stockpiles rose by 1... Full Story

Drill On: U.S. Mantra as OPEC Power Wanes in the Face of Shale

By Bradley Olson, Joe Carroll and David Wethe Nov 26, 2014 No matter what OPEC countries decide tomorrow about cutting oil output, U.S. producers already know what they’re going to do: drill on... Full Story

OPEC Seen by U.A.E. Doing ‘Whatever It Takes’ to Balance Market

By Nayla Razzouk and Maher Chmaytelli Nov 26, 2014 OPEC will do “whatever it takes” to balance oil markets when the producer group meets to discuss a response to slumping crude prices, the energy minister of the United Arab Emirates said... Full Story

Iran Says Close to Saudi View on Oil Market With OPEC Hours Away

By Nayla Razzouk, Laura Hurst and Golnar Motevalli Nov 26, 2014 Iran’s oil minister said his nation’s oil market position is close to that of Saudi Arabia with less than 24 hours to go until OPEC nations meet in Vienna to formulate a response to tumbling crude prices... Full Story

Supreme Court to Review EPA Rule on Power Plant Emissions

By Brent Kendall WASHINGTON--The U.S... Full Story

Russia Won't Cut Oil Production to Support Prices

By James Marson MOSCOW--Russia's oil czar said the country wouldn't reduce oil production to support prices, raising the stakes ahead of a crunch summit of the Organization of the Petroleum Exporting Countries on Thursday... Full Story

Financial

Crude Oil Prices Pare Losses

By Timothy Puko NEW YORK--Oil prices regained ground Wednesday despite an unexpected boost to U.S. stockpiles that put them near a five-month high. U.S. crude-oil stockpiles rose by 1.9 million barrels to 383 million barrels in the week ended Nov. 21, the U.S... Full Story

Natural Gas Futures Rebound on Expected Stockpile Decline

By Timothy Puko NEW YORK--Natural gas futures rebounded Wednesday as traders prepared for news of a big drain on stockpiles. Natural gas for January delivery rose 1.3 cents, or 0.3%, to $4.416 a million British thermal units on the New York Mercantile Exchange. The U.S... Full Story

Oil Prices Slip Before OPEC Meeting

By Timothy Puko NEW YORK--Crude-oil prices slipped Wednesday as the market digested comments from OPEC members ahead of a crucial meeting of the cartel... Full Story

WTI Oil Falls After U.S. Crude Supplies Gained Last Week

By Mark Shenk Nov 26, 2014 West Texas Intermediate fell after a government report showed that U.S. inventories climbed for the seventh time in eight weeks. Stockpiles rose 1.95 million barrels to 383 million in the week ended Nov. 21, the Energy Information Administration said... Full Story

Natural Gas Rebounds on Cool Forecast, Expiring Contract

By Timothy Puko Natural gas closed higher as a cooler afternoon weather update pushed the December contract on one last rally before it expired. The front-month contract settled up 13.1 cents, or 3.2%, at $4.282 a million British thermal units on the New York Mercantile Exchange... Full Story

Oil Prices Slide as OPEC Deal Appears Elusive

By Christian Berthelsen and Nicole Friedman Benchmark U.S. oil prices sank to a new four-year low on Tuesday amid signs of a lack of agreement among OPEC members on a need to cut production and shore up the market... Full Story

Releases

Seadrill: There Goes the Dividend -- Barron's Blog

By Ben Levisohn Earlier this week, we noted Morgan Stanley's warning that Seadrill ( SDRL) could cut its dividend today. I'm not sure anyone quite expected this. Seadrill, while announcing its financial results for the third quarter, suspended its dividend. As in gone. No more. Cowen's J.B... Full Story

Mexico Shrugs Off OPEC as Exxon to Chevron Line Up to Bid

By Rebecca Penty and Adam Williams Nov 26, 2014 As OPEC ponders ways to prop up crude prices, Mexico is staying focused on a long-term plan to open its state-controlled oil industry to foreign producers... Full Story

France to Prosecute Total SA Over Iranian Contracts in the 1990s

By Inti Landauro PARIS-- Total SA will face corruption charges in a French court related to contracts made in Iran in the 1990s, a spokeswoman for the Paris prosecutor said on Tuesday. Paris magistrates have decided to put the big French oil company on trial, along with two Iranian nationals... Full Story

Rosneft Chief Meeting Officials From Venezuela, Saudi Arabia and Mexico

By Benoit Faucon VIENNA--Igor Sechin, the chief executive of Russia's state oil giant OAO Rosneft, is meeting top officials from big oil producers Venezuela, Saudi Arabia and Mexico about oil-policy coordination, a company official said Tuesday... Full Story

Kinder Morgan Unveils $6 Billion Debt Offer

By Tess Stynes Kinder Morgan Inc. said it is offering $6 billion of senior notes to help fund the energy company's $44 billion deal to consolidate four related pipeline companies. The bond offer comes a day before the consolidation transaction is expected to close... Full Story

India to Sell Stake in Coal India or ONGC Next Month -- Market Talk

[Dow Jones] India plans to sell a stake in either Coal India Ltd. or Oil and Natural Gas Corp. in early December to kick off long-delayed government plans for share sales... 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 11-14-2014 Our prediction for week ending 11-21-2014
3594 3452
Weekly change
-17 down -142 downest

Commodity Prices ($)

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