Featured Articles

Mar 31, 2015

Forecast & Analysis

Analysts Forecast 4.6 Million-Barrel Gain in Crude-Oil 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 13 analysts surveyed showed that U.S... Full Story

Offshore Drillers: There Goes the Gulf of Mexico -- Barron's Blog

By Ben Levisohn The Gulf of Mexico has been the one place where offshore drillers haven't had to worry too much about cancellations but hat might be about to change after BP ( BP) cancelled contracts on rigs owned by Ensco ( ESV) and Seadrill Partners ( SDLP)... Full Story

Venezuela Default Risk Bubbles Up -- Barron's Blog

By Dimitra DeFotis Talk of Venezuela failing to pay debt holders is bubbling up again. Venezuela is struggling to exist with much-lower prices for its oil exports. The U.S. declared Venezuela a threat to U.S. security earlier this month, and issued s anctions against some Venezuelan leaders... Full Story

UBS Executive Says BRIC Risks Unlikely to Spread

By Joel Schectman The list of ills in some of the biggest emerging-market economies is growing. But the troubles are unlikely to metastasize into a broader global economic crisis, says Jorge Mariscal, UBS Group AG chief investment officer for emerging markets... Full Story

Iran Deal to Delay Oil Price Recovery -- Market Talk

News of an Iran deal today will further weigh on oil prices and delay the recovery, says Giovanni Staunovo, an oil analyst at UBS bank. "A deal on Iran could depress prices in the short term by $3-$5 a barrel and slow down the recovery in the second half of the year" Mr. Staunovo says... Full Story

Guggenheim: WTI Could Slump to the Mid-$20s -- Market Talk

Prices for Nymex oil futures could fall to $34/barrel and possibly make a run into the mid-$20s, says Guggenheim's Scott Minerd, contending that with production where it is, there's little reason not to believe a break of $40 occurs. That as he notes the oil-storage hub in Cushing, Okla... Full Story

Top News Stories

U.S. Stocks Still Look Good, Technically Speaking

By Paul Vigna Make hay while the sun's shining, is the old saying, and the sun is still shining on the stock market. Even with U.S... Full Story

U.S. Stocks Trade Lower

By Corrie Driebusch And Saumya Vaishampayan U.S. stocks retreated Tuesday, pulling back after two sessions of gains, as oil prices slipped and the dollar strengthened. The Dow Jones Industrial Average fell 59 points, or 0.3%, to 17917. The S&P 500 shed five points, or 0... Full Story

Iran Nuclear Talks Enter Final Day With Agreement Still Elusive

by Jonathan Tirone, Indira Lakshmanan and Henry Meyer (Bloomberg) -- Iran and world powers are weighing compromises in order to overcome a deadlock in nuclear talks with little more than 12 hours to reach an agreement... Full Story

What to Expect From Nigerian Vote: Bull to Bear Cases

by Paul Wallace and Emele Onu (Bloomberg) -- As former Nigerian military ruler Muhammadu Buhari leads the presidential race against President Goodluck Jonathan, analysts are preparing for several scenarios with final results expected on Tuesday after polling on March 28-29... Full Story

South Africa Trade Gap Narrows as Oil Imports Decline

by Rene Vollgraaff (Bloomberg) -- South Africa’s trade deficit narrowed in February as oil imports fell and gold and diamond exports increased. The trade gap shrank to 8.5 billion rand ($700 million) from a record 24... Full Story

Canada Oil Output Limits GDP Declines in January

by Greg Quinn (Bloomberg) -- Crude oil gave Canada’s economy a surprise cushion in January, with gross domestic product shrinking less than economists forecast. Output fell 0... Full Story

Financial

Natural Gas Inches Lower Tuesday, Posts Quarterly Loss

By Timothy Puko Natural-gas prices ticked slightly lower Tuesday, as traders eyed spring weather and lower demand. Futures for May delivery settled down 0.4 cent, or 0.2%, at $2.64 a million British thermal units on the New York Mercantile Exchange... Full Story

Nymex Crude Settles Down $1.08, or 2.2%, at $47.60/Barrel

Nymex Crude Settles Down $1.08, or 2.2%, at $47... Full Story

Natural Gas Holds Near Unchanged on Market's Lack of Promise

By Timothy Puko Natural-gas prices held close to unchanged Tuesday with expectations for a calm spring and healthy production limiting trading. Futures for May delivery rose 0.2 cent, or 0.1%, at $2.646 a million British thermal units on the New York Mercantile Exchange... Full Story

Oil Heads for Third Quarterly Drop as Iran Deal Deadline Looms

by Rupert Rowling (Bloomberg) -- Oil headed for a third quarterly loss as Iranian and Western diplomats worked toward a nuclear deal that may lead to the OPEC member increasing crude exports. Futures dropped as much as 2.9 percent in New York, falling for a third day... Full Story

Natural Gas Bounces Off Seven-Week Low

By Nicole Friedman NEW YORK--Natural-gas prices ticked higher Monday as traders looked ahead to a last bout of cold weather. Futures for May delivery settled up 0.5 cent, or 0.2%, at $2.644 a million British thermal units on the New York Mercantile Exchange... Full Story

Nymex Crude Settles Down 19 Cents at $48.68/Barrel

Nymex Crude Settles Down 19 Cents at $48... Full Story

Releases

Kinder Morgan and Keyera to Build New Crude Oil Storage Terminal in Edmonton

Kinder Morgan and Keyera to Build New Crude Oil Storage Terminal in Edmonton Initial Capacity of New Joint Venture Project Would Be 4.8 Million Barrels of Storage With Future Potential Storage Capacity of Up to 6... Full Story

Challenges Buffeting BHP, Rio Unlikely to Ease Soon -- Market Talk

Tumbling iron-ore prices are hurting profits at BHP Billiton (BHP) and Rio Tinto (RIO), and JPMorgan doesn't see much light at the end of the tunnel... Full Story

BreitBurn Isn't Out of the Woods Yet, S&P Says -- Market Talk

A $1B infusion this week from private-equity shop EIG Global Energy Partners helped BreitBurn Energy Partners (BBEP) move off of Standard & Poor's CreditWatch today. S&P also affirmed BreitBurn's B+ corporate credit rating. But with a negative outlook from S&P, BreitBurn isn't out of the woods... Full Story

Royal Dutch Shell plc: Voting Rights and Capital

LONDON, March 31, 2015 /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

Brazil's Petrobras to Sell Certain Assets in Argentina for $101 Million

By Rogerio Jelmayer SAO PAULO--Brazilian state-run oil firm Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR), or Petrobras, said Tuesday that its board approved the sale of certain assets in Argentina for $101 million, as part of its recently announced divestment plan... Full Story

Chevron Elevates Two Execs as Vice Chairman Retires -- Market Talk

Chevron (CVX) says that Jay Johnson will become head of its oil and gas production, succeeding Vice Chairman George Kirkland, who is stepping down in June as he reaches mandatory retirement age of 65... Full Story

Weather

An $8 Billion Push to Cool the Globe Has Poor Countries Steaming

by Alex Nussbaum (Bloomberg) -- A quarter-century after the world banned the chemical compounds blamed for chewing a hole in the ozone layer, the solution to that problem has been tagged as a main instigator of global warming... Full Story

Arctic Melt Brings More Persistent Heat Waves to U.S., Europe

(Bloomberg) -- The U.S., Europe and Russia face longer heat waves because summer winds that used to bring in cool ocean air have been weakened by climate change, German researchers said... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 3-20-2015 Our prediction for week ending 3-27-2015
1479 1467
Weekly change
+12up -12 downest

Commodity Prices ($)

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