Featured Articles

Oct 01, 2014

Forecast & Analysis

Analysts Forecast 900,000-Barrel Gain in Crude Stocks

By Nicole Friedman NEW YORK--U.S. crude-oil stocks are expected to rise in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates from nine analysts surveyed showed that U.S... Full Story

Oil Prices Unlikely to Rebound Much in 4Q -- Market Talk

A global glut of oil sent prices skidding in 3Q, with both the global and US benchmark contracts posting their worst quarterly declines since 2Q 2012. Analysts say that while demand could pick up as the winter heating season approaches, it won't be enough to boost prices much above current levels... Full Story

Investors Head for Exit as Commodities Extend Slump

By Luzi Ann Javier Sep 30, 2014 Investors are betting that the worst isn’t over for commodity prices that already are the lowest in five years. About $907 million was pulled from U.S... Full Story

PIRA Energy Sees Oil Prices Falling in 2015 -- Market Talk

PIRA Energy Group said in a monthly analysis of energy prices that oil prices are likely to head downward in 2015, even as it remains "cautiously optimistic" that the global economy will not wither as the U.S. Federal Reserve raises rates... Full Story

Barclays Keeps 4Q Brent Price Forecast at $106/Bbl -- Market Talk

[Dow Jones] Barclays maintains its Brent crude price forecast of $106/bbl for the fourth quarter of this year and in 2015 due to geopolitical risks and the likelihood of an OPEC response to falling oil prices. The oil cartel is due to take a decision on oil production cuts later this year... Full Story

US Democrats, Europeans Battle Over Energy Exports -- Market Talk

With a pair of U.S. Senate Democrats on one end and the European Union on the other, the Obama administration finds itself in the middle of a tug-of-war over whether exports of oil and natural gas should be included in any trade agreement between the U.S. and the EU. Democratic Sens... Full Story

Top News Stories

Alaska's First Crude Oil Export in a Decade Heads to South Korea

By Christian Berthelsen A tanker of crude oil departed Alaska for South Korea last week, the first such export from the state in a decade. The tanker left the Valdez export terminal Friday headed for Yeosu, South Korea, according to energy data service Genscape... Full Story

Mexico Launches Fund to Administer Oil Income

By Laurence Iliff MEXICO CITY--Mexican officials launched a special fund on Tuesday that will capture income from oil and gas activities and distribute the money to the federal budget and a long-term savings account as part of a broad energy overhaul that will open the industry to private... Full Story

Oil-by-Rail Safety Rule Seen Adding Costs: Railroads, API

By Jim Snyder Sep 30, 2014 Proposed federal rules to make hauling crude oil by rail safer and avoid fiery wrecks would drive up costs and put the U.S. energy revival at risk, the head of an oil industry trade group said today... Full Story

US Oil Exports Hit 57-Year High -- Market Talk

U.S. oil exports continued rising in July to the highest level since March 1957, according to EIA data. U.S. crude-oil exports were mostly restricted to shipments to Canada in the 1970s... Full Story

By Indira A.R. Lakshmanan Sep 30, 2014 Russian President Vladimir Putin’s aggression toward Ukraine has destroyed Europe’s trust in Russia, leaving politicians and businesspeople feeling that “we are not partners anymore,” German Ambassador to the U.S. Peter Wittig said... Full Story

Volcanoes May Be Next Hurdle for Nuclear Restarts in Japan

By Jacob Adelman and Masumi Suga Sep 30, 2014 The volcanic eruption of Japan’s Mt. Ontake over the weekend may strengthen the argument of activists campaigning to keep the country’s 48 reactors shut... Full Story

Financial

Oil Tanks as Supply Overwhelms Demand

By Nicole Friedman A global glut of oil sent prices skidding this summer, and demand is expected to remain soft in the coming months. Brent--the global benchmark--and U.S. benchmark crude have fallen about 15% from their mid-June highs and closed the quarter at more-than-one-year lows... Full Story

Natural-Gas Rally Ends as Demand Expectations Soften

By Timothy Puko NEW YORK--The natural-gas market's four-day rally ended Tuesday as weakening demand expectations encouraged traders to pull back. The front-month November contract settled down 3.3 cents, or 0.8%, at $4... Full Story

U.S. Crude Futures Slide Most in 22 Months; Brent Falls

By Moming Zhou and Mark Shenk Sep 30, 2014 West Texas Intermediate crude slid the most in 22 months and Brent reached a two-year low as ample supply shielded the market from the risk of disruption due to the conflict in the Middle East. Futures slumped 3.6 percent in New York and 2... Full Story

Natural Gas Rally Slows on Weakening Demand Expectations

By Timothy Puko NEW YORK--The natural-gas market's week-long rally slowed Tuesday morning as weakening demand expectations encouraged traders to hold steady. Natural gas for November delivery inched up 0.4 cent, or 0.1%, at $4... Full Story

Oil Set for Biggest Quarterly Drop Since 2012 on Supply

By Moming Zhou Sep 30, 2014 West Texas Intermediate and Brent crudes headed for the biggest quarterly decline in more than two years as ample supply shielded the market from the risk of disruption from conflict in the Middle East. Futures slid as much as 1.2 percent in New York today and 0... Full Story

Oil Gains on Continued Surge in Gasoline Market

By Christian Berthelsen U.S. oil prices rose Monday, as recent strong demand for gasoline encouraged investors to buy crude. Light, sweet crude for November delivery rose $1.03, or 1.1%, to $94.57 a barrel on the New York Mercantile Exchange. The global Brent contract rose 20 cents, or 0... Full Story

Releases

Royal Dutch Shell plc : Buyback of Own Shares

LONDON, September 30, 2014 /PRNewswire/ -- Royal Dutch Shell plc (NYSE: RDS.A) (NYSE: RDS.B) announces that on 30 September, 2014 it purchased for cancellation 1,200,000 "A" Shares at a price of 2361.96 pence per share... Full Story

ExxonMobil Details Risk Management Practices for Unconventional Resources Development

IRVING, Texas--(BUSINESS WIRE)--September 30, 2014-- ExxonMobil today released a report that outlines for shareholders how the company assesses and manages risks associated with developing unconventional resources, including through hydraulic fracturing... Full Story

MURPHY OIL CORPORATION ANNOUNCES SELL DOWN OF MALAYSIAN ASSETS

EL DORADO, Arkansas, September 30, 2014 - Murphy Oil Corporation (NYSE:MUR) announced today that its wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd... Full Story

Royal Dutch Shell plc: Voting Rights and Capital

LONDON, September 30, 2014 /PRNewswire/ -- In conformity with the Disclosure and Transparency Rules, we hereby notify the market of the following: Royal Dutch Shell plc's (NYSE:RDS.A) (NYSE:RDS... Full Story

Shell, Statoil Win Oil, Gas Blocks in Algeria

By Benoit Faucon Royal Dutch Shell PLC and Statoil ASA said on Tuesday they had won blocks in an Algerian oil and gas bidding round--the first since a deadly terrorist attack at a gas plant last year... Full Story

Sumitomo Corp. Falls 12% After Shale Project Losses -- Market Talk

[Dow Jones] STOCK CALL: Shares of Sumitomo Corp. (8053.TO) are off 12% at Y1,206 after it announced large losses on a U.S. shale oil project. The trading house said on Monday that it would book a Y170 billion impairment loss for a shale oil project in the U.S... Full Story

Weather

August Was World’s Warmest on Record for Month, NOAA Says

By Brian K. Sullivan Sep 18, 2014 August was the warmest on record for the Earth, the National Oceanic and Atmospheric Administration said. The combined land and sea temperature was 1.35 degrees Fahrenheit above the 20th century average for the month of 60... Full Story

Ready for Winter? The Search for Snow Has Begun in U.S.

By Brian K. Sullivan Sep 18, 2014 The winter desk at the U.S. Weather Prediction Center is open for business. Operations at the College Park, Maryland, center began on the overnight shift Sept. 14, a week before the official end of summer, according to a post on the agency’s Facebook page... Full Story

Hurricane Odile Weakens After Pounding Los Cabos Resorts

By Brian K. Sullivan and Lars Paulsson Sep 15, 2014 Hurricane Odile, the strongest to hit Baja California Sur in decades, weakened slightly as it battered the Mexican peninsula with high winds and rain. Odile went ashore near the resort city of Cabo San Lucas at about 10:45 p.m... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 9-12-2014 Our prediction for week ending 9-19-2014
2891 2980
Weekly change
+90up +89upest

Commodity Prices ($)

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