Featured Articles

Sep 02, 2014

Forecast & Analysis

Down Go the Oil Majors as Energy Prices Tumble -- Barron's Blog

By Ben Levisohn The price of oil is plunging, so it's no wonder that oil stocks are getting shellacked. Still, analysts were out with their opinions on oil majors ExxonMobil ( XOM), Chevron ( CVX) and BP ( BP), though the market sees little need to differentiate today... Full Story

Utilities Down as Forecasters See Mild Summer End -- Utilities Roundup

Shares of power-plant operators declined Tuesday as weather forecasters backed off predictions of a late-summer heatwave, suggesting demand for electricity will soon wane in many U.S. regions... Full Story

$5B Pipeline Shows Shale's Energy Impact -- Market Talk

The changing energy landscape thanks to the shale boom shows itself in 4 energy providers creating a joint venture to build an up-to-$5B 550-mile natural-gas pipeline from West Virginia to central North Carolina... Full Story

Oil Down Amid Plentiful Supply, Says Commerzbank -- Market Talk

[Dow Jones]--Oil is lower Tuesday, and plentiful supply will continue to preclude any marked increases in price, say analysts at Commerzbank. "In Libya, for instance, oil production is continuing to normalize gradually despite ongoing fighting and growing political chaos," they say... Full Story

Petroleum Reserve to Cut Import-Shock Risks: Corporate India

By Debjit Chakraborty and Rakteem Katakey Sep 2, 2014 India will be ready to fill its first strategic crude oil reservoir by the end of the year, the head of the project said, advancing Prime Minister Narendra Modi’s goal to shield Asia’s second-largest energy user from supply shocks... Full Story

Yale Joins Peers in Rejecting Fossil Fuel Divestment -- Market Talk

A Yale University committee, tasked to look into whether the Ivy League school's roughly $21B endowment should divest of fossil fuel holdings, ruled this week it was not in favor of the move... Full Story

Top News Stories

EPA’s Renewable Fuel Quota May Rise as Gasoline Sales Climb

By Mark Drajem Sep 2, 2014 U.S. renewable fuel quotas may end up higher than a proposal issued last year because gasoline use is climbing, the Environmental Protection Agency’s chief said... Full Story

EPA May Force Drillers to Cut Methane Leaks, Chief Says

By Mark Drajem Sep 2, 2014 The Environmental Protection Agency is considering rules that would force oil and gas producers to cut methane emissions, its chief said, stepping up efforts to curb the most potent greenhouse gas linked to climate change... Full Story

U.S. Energy Companies Form Joint Venture for Atlantic Coast Pipeline

By Erin McCarthy Four major U.S. energy companies disclosed plans Tuesday to form a joint venture to build the proposed Atlantic Coast Pipeline, which would funnel natural gas from West Virginia to North Carolina. The companies forming the joint venture--Dominion Resources Inc... Full Story

Halliburton to Settle Deepwater Horizon Claims for $1.1 Billion

By Tess Stynes Halliburton Co. said it agreed to a $1.1 billion settlement covering a substantial majority of claims related to the 2010 Deepwater Horizon rig explosion in the Gulf of Mexico... Full Story

Ukraine Cites 15,000 Russian Troops and Rebels Amid Putin's 'Take Kiev' Remark

By Henry Meyer and Daryna Krasnolutska Sep 2, 2014 Sept. 2 (Bloomberg) -- Bloomberg’s Hans Nichols reports on how NATO’s expanding involvement in Ukraine may change the ongoing crisis and President Barack Obama’s visit to the region. He speaks on “Bloomberg Surveillance... Full Story

Gas-Rich Marcellus Drilling Boosts Rigs to 5-Month High

By Lynn Doan and Richard Stubbe Aug 29, 2014 Rigs targeting natural gas in the U.S. rose to the highest level in five months after those drilling horizontally for the fuel gained in the Marcellus formation of the eastern U.S... Full Story

Financial

Natural-Gas Futures Drop as Heat-Wave Forecasts Fizzle

By Christian Berthelsen NEW YORK--Natural-gas prices suffered their largest single-day drop in more than six months on Tuesday after forecasts for a heat wave turned more moderate, ending hopes for a late summer surge in gas demand to cool homes and offices... Full Story

Oil Prices Fall Sharply on Weak Demand Outlook, Stronger Dollar

By Nicole Friedman Oil prices dropped more than $3 a barrel Tuesday as disappointing Chinese and European economic data and a stronger dollar weighed on demand expectations... Full Story

Natural Gas Slides as Forecasts for Hot Weather Fade

By Christian Berthelsen Natural-gas futures slipped Tuesday as late-summer forecasts for hot weather turned more moderate, tamping down expectations for gas-fired cooling demand. Natural gas for delivery in October was down 9.4 cents, or 2.3%, to $3... Full Story

Oil Slips as End of Peak Driving Season May Reduce Demand

By Moming Zhou Sep 2, 2014 West Texas Intermediate crude retreated for the first time in five days amid speculation that the end of the peak driving season and start of refinery maintenance will curb demand. WTI fell as much as 1... Full Story

Natural Gas Rises to Six-Week High Ahead of Hotter Weather

By Nicole Friedman NEW YORK--Natural-gas prices gained for a third straight session as forecasts for hotter weather drove expectations of higher demand in the coming weeks. Natural gas for October delivery settled up 2.1 cents, or 0.5%, at $4... Full Story

Oil Prices Snap Four-Week Losing Streak

By Nicole Friedman NEW YORK--Oil prices posted their first weekly gain in five weeks as rising tension in Ukraine made market watchers nervous about additional sanctions on Russia and positive U.S. economic data lifted demand expectations. Light, sweet crude for October delivery rose $1... Full Story

Releases

Buckeye Partners to Acquire 80% Interest in Trafigura Assets in South Texas

By Tess Stynes Buckeye Partners LP (BPL) agreed to acquire an 80% interest in Trafigura Beheer NV () unit's midstream assets in South Texas for $860 million in a venture the pipeline and terminal operator expects will allow it to benefit from rapidly growing production in the Eagle... Full Story

Dominion, Duke Say Pipeline Ready by Late 2018 -- Market Talk

Dominion Resources (D) got the nod from Duke Energy (DUK) and its partners to build a new $5B, 550-mile natural gas pipeline from West Virginia to North Carolina... Full Story

Halliburton Deal Takes Some Risk Off the Table -- Market Talk

Halliburton's (HAL) $1.1B settlement with plaintiffs over Deepwater Horizon claims removes much of the uncertainty the oilfield services company faced ahead of a major court ruling. The company, along with BP and Transocean (RIG), is awaiting a decision by U.S... Full Story

Gunvor Said to Expand Into Spot LNG as Supply Increases

By Anna Shiryaevskaya and Chou Hui Hong Sep 3, 2014 Gunvor Group Ltd., the world’s fourth-biggest oil trader, plans to expand into short-term buying and selling of liquefied natural gas as global supply rises, two people with direct knowledge of the matter said... Full Story

Gunvor Said to Expand Into Spot LNG as Supply Increases

By Anna Shiryaevskaya and Chou Hui Hong Sep 3, 2014 Gunvor Group Ltd., the world’s fourth-biggest oil trader, plans to expand into short-term buying and selling of liquefied natural gas as global supply rises, two people with direct knowledge of the matter said... Full Story

Mexico's Pemex Raises 2015 Oil Output Goal

By Laurence Iliff MEXICO CITY--State-owned oil firm Petróleos Mexicanos said Friday that it is raising its 2015 goal for crude-oil output to 2.4 million barrels a day... Full Story

Weather

Storm Cristobal Moving North Into Atlantic Away From Land

By Brian K. Sullivan Aug 25, 2014 Tropical Storm Cristobal slowly moved north in the Atlantic, dumping heavy rain on the Bahamas and Turks and Caicos islands on a track away from the U.S., the National Hurricane Center said... Full Story

Hurricane Center Closely Watches Budding Atlantic Storm

By Brian K. Sullivan Aug 22, 2014 A potential tropical system became a bit ragged with poor definition late yesterday as it neared the Leeward Islands at the eastern edge of the Caribbean Sea. A U.S... Full Story

Hurricane center monitors two disturbances in Atlantic

OUTLOOK: The National Hurricane Center is monitoring two tropical disturbances in the Central Atlantic. The one farther to the west appears more likely to develop and, at least initially, is heading toward the Caribbean... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 8-22-2014 Our prediction for week ending 8-29-2014
2630 2704
Weekly change
+75up +74upest

Commodity Prices ($)

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