Featured Articles

Feb 10, 2016

Forecast & Analysis

Offshore Drillers: It's a Mad, Mad, Mad, Mad World -- Barron's Blog

By Ben Levisohn Old issues and new ones are buffeting offshore drillers today, as oil continues to slip, and investors wrestle with the news yesterday that Transocean ( RIG) had another contract cancelled and that Diamond Offshore Drilling's ( DO) made a first-of-its-kind deal with General... Full Story

Here's What Bank Executives Are Saying About Energy Markets

By Laura J Keller February 9, 2016 Slumping oil prices and their effect on bank lending and markets were a topic of discussion Tuesday at a financial services conference in Miami, on calls with analysts and televised interviews... Full Story

Survival Could Trump Climate Change -- Market Talk

Concerns over keeping businesses afloat, especially in the beleaguered oil sector, could mean companies losing focus on climate change policies, says Raphael Vermeir, chairman of International Petroleum Week. Speaking at the event in London, Mr... Full Story

Oil Demand More Vulnerable Than Gas -- Market Talk

The demand for oil is much more vulnerable than demand for natural gas, according to Dieter Helm Professor of Energy Policy, Oxford University. He says that as technology moves forward, there is a greater role for natural gas but oil is being pushed out... Full Story

Skepticism Over Bullish Oil Price Projections -- Market Talk

The oil price crash was not a surprise, and any bullish projections for $70 a barrel oil should be treated with skepticism, according to Dieter Helm, Professor of Energy Policy, Oxford University. Speaking during a panel discussion at the International Petroleum Week in London, Mr... Full Story

Goldman Sees Risk of Oil Below $20

By Grant Smith and Jonathan Ferro February 9, 2016 Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group Inc. predicted... Full Story

Top News Stories

U.S. Crude-Oil Stocks Seen Increasing in DOE Data

By Timothy Puko U.S. crude-oil stocks are expected to increase 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. oil inventories are projected to have increased by 3... Full Story

Energy Junk in Firing Line as Bond Investors Flee Amid Oil Rout

By Aleksandra Gjorgievska and Cordell Eddings February 9, 2016 The extra yield investors are demanding to hold U.S. high-yield energy company debt has soared to the highest level in more than four years as Goldman Sachs Group Inc. said oil may drop below $20 a barrel... Full Story

Putin to Weigh $10.4 Billion Anti-Crisis Plan With Funding Gap

By Olga Tanas and Andrey Biryukov February 9, 2016 Russia’s government will present President Vladimir Putin Wednesday with a $10.4 billion plan to revive the shrinking economy. The problem is where some of the money will come from. The Economy Ministry is proposing 828 billion rubles ($10... Full Story

Current Oil Cycle is Different -- Market Talk

The current oil market cycle is more complicated than any previous ones, says Sergio Antonio Tovar, director of strategy from Venezuela's national oil company PDVSA. Speaking during a panel discussion at the International Petroleum Week in London, Mr... Full Story

OPEC Deal Unlikely Despite Worsening Oil Glut, Says IEA -- Market Talk

The Organization of the Petroleum Exporting Countries is unlikely to cut a deal with other producers to reduce its rising output to prop up prices, despite a worsening global oil glut, the International Energy Agency says... Full Story

Ghana Ready to Revise 2016 Budget if Necessary, Terkper Says

By Ekow Dontoh February 9, 2016 Ghana is reviewing its budget for 2016 and is ready to revise it if necessary, Minister of Finance Seth Terkper said... Full Story

Financial

Natural Gas Falls With Stockpiles Still High

By Timothy Puko Natural gas prices gave up some of its recent rebound as heavy stockpiles continue to keep a lid on any rally. Futures for March delivery settled down 4.2 cents, or 2%, at $2.098 a million British thermal units on the New York Mercantile Exchange... Full Story

Natural Gas Falls With Stockpiles Still High

By Timothy Puko Natural gas prices retreated from gains in early trading Tuesday as heavy stockpiles continue to keep a lid on any rally. Futures for March delivery recently fell 1.8 cents, or 0.8%, to $2.122 a million British thermal units... Full Story

Oil Prices Fall, Pressured by Strong Dollar, Oversupply Worries

By Nicole Friedman Oil prices slid Friday, pressured by a stronger dollar and concerns that the oversupply of crude will persist. Gasoline futures settled below $1 a gallon for the first time since December 30, 2008. The U.S. oil benchmark fell 8.1% this week and is down 17% for the year... Full Story

Natural Gas Gains on Demand Expectations

By Nicole Friedman NEW YORK--Natural-gas prices surged Friday as forecasts for colder weather boosted demand expectations. Moderate temperatures have limited demand for natural gas as an indoor-heating fuel this winter, pushing the market into oversupply... Full Story

Oil Prices Lower After U.S. Jobs Data

By Nicole Friedman and Georgi Kantchev Oil prices turned negative Friday on a stronger dollar and concerns that the oversupply of oil will persist. The U.S. added a seasonally adjusted 151,000 jobs in January and the unemployment rate fell to 4.9%, the Labor Department said Friday... Full Story

Natural Gas Gains on Demand Expectations

By Nicole Friedman NEW YORK--Natural-gas prices rose Friday as forecasts for colder weather boosted demand expectations. Moderate temperatures have limited demand for natural gas as an indoor-heating fuel this winter, pushing the market into oversupply... Full Story

Releases

Chesapeake Credit Rating Cut by S&P on `Unsustainable' Debt

By Jodi Xu Klein and Joe Carroll February 9, 2016 Standard & Poor’s cut Chesapeake Energy Corp.’s credit rating deeper into distressed levels, saying its debt is “unsustainable.” Even after a recent debt exchange that helped reduce Chesapeake’s borrowings by $1... Full Story

Anadarko Cuts Dividend 81 Percent to Weather Oil-Price Rout

By Alex Nussbaum and Asjylyn Loder February 9, 2016 Anadarko Petroleum Corp. slashed its dividend by 81 percent, joining a parade of oil and natural gas drillers cutting investor payments as they struggle to preserve cash with prices below $30 a barrel... Full Story

Statoil Needs to Build Relationships for Long Run -- Market Talk

Major Norwegian oil producer, Statoil, is in the oil market for the long game, according to Tor Martin Anfinnsen, senior vice president and marketing at trading at Statoil. Speaking at International Petroleum week, he says that opportunistic trading cannot be the focus for Statoil... Full Story

Oil Producers Need to Cut Costs, Says Eni -- Market Talk

Oil prices have fallen about 70% since mid-2014, but the cost of producing oil has only dropped 15-20%, says Roberto Casula of Italian energy giant Eni SpA at International Petroleum Week in London. Low oil prices "might actually be the incentive we have been needing in the industry..... Full Story

New CEO to Accelerate Reforms at Mexico's Indebted Oil Company

By Adam Williams February 8, 2016 The new CEO installed Monday at the head of Mexico’s state-owned oil company may help smooth the way for an additional cash injection from the government to help the producer cope with a prolonged crash in crude markets... Full Story

Europe Banks May Face $27 Billion Energy-Loan Losses, BofA Says

By David De Jong February 9, 2016 European banks face potential loan losses from energy firms of $27 billion, or about 6 percent of their pretax profit over three years, according to analysts at Bank of America Corp... Full Story

Weather

Phenomenal Nor'easter Eyes New England To Begin Second Week Of February

A stunning nor’easter swirling off the coast of the Carolinas will approach New England during the day on Monday, spreading heavy snow and strong winds across communities from Long Island to Maine... Full Story

East Coast, Ohio Valley brace for possible big snowstorm

WASHINGTON (AP) — Tens of millions of Americans from Washington to Boston and the Ohio Valley could be walloped by an end-of-the-week snowstorm, meteorologists say. Although it's still early, computer forecast models all see a windy, strong slow-moving storm... Full Story

Loading...
NATURAL GAS STORAGE*
EIA report for week ending 1-29-2016 Our prediction for week ending 1-22-2016
2934 3093
Weekly change
-152 down -204 downest

Commodity Prices ($)

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