Featured Articles

Oct 24, 2014

Forecast & Analysis

Oil & Gas: Who Thrives at $85? -- Barron's Blog

By Ben Levisohn With oil prices having tumbled, The folks at Societe Generale have knocked their assumed oil price to $85 from $110--and cut estimates for big European oil & gas companies by nearly a quarter... Full Story

North America Seen Reshaping Global Energy Landscape -- Market Talk

The US, Canada and Mexico are reshaping global energy dynamics as companies tap into new supplies of oil and gas there, says Exxon Mobil (XOM) CEO Rex Tillerson... Full Story

U.S. Energy Exports to Top Imports by 2025, WoodMac Says

By Dan Murtaugh Oct 23, 2014 U.S. companies will export more energy than they import by 2025 as shale oil and gas production keeps climbing and the transportation sector becomes more efficient, Wood Mackenzie Ltd. said in a note today... Full Story

Saudi Oil Supply Drop Unlikely to Herald New Policy

By Anthony DiPaola, Moming Zhou and Wael Mahdi Oct 23, 2014 A drop in Saudi Arabian oil supply last month doesnít necessarily signal that the biggest producer in OPEC is cutting exports to bolster prices... Full Story

What Will Happen Monday, After Brazil Election? -- Barron's Blog

By Dimitra DeFotis The Brazil equity market has tumbled nearly 8% this week and has slipped into negative territory for the year. The iShares MSCI Brazil Capped ETF ( EWZ) is down more than 8% this week, and has fallen more than 7% year to date... Full Story

Japan Well Prepared for Non-Nuclear Winter -- Market Talk

[Dow Jones] Japan won't experience a power shortage this winter even if no nuclear power plant resumes operations, a government report says. In the country, electricity consumption typically rises during summer and winter months because of high demand for air-conditioning and heating... Full Story

Top News Stories

Russia Detains Airport Staff Over Crash That Killed Total CEO

By Gregory L. White MOSCOW--Russian investigators said on Thursday they had detained managers and controllers on duty at Moscow's Vnukovo airport during Monday's corporate-jet crash that killed Total SA chief Christophe de Margerie... Full Story

Saudi War With Islamic State Echoes Kingdomís Own Past

By Glen Carey Oct 23, 2014 When Saudi rulers send warplanes on missions against Islamic State, theyíre targeting a group whose theocratic ideology and roots in desert warfare overlap at least partly with the kingdomís own present and past... Full Story

Asia Enjoying Discount Deals on Oil

By Eric Yep, Benoît Faucon and Summer Said A slump in oil prices and a surge in supply are tipping the scales in favor of buyers in Asia, who were once at the mercy of big energy exporters but are now benefiting from sweeter deals and discounts... Full Story

EU Braces for Battle to Set Energy Goals for Next Decade

By Ewa Krukowska Oct 23, 2014 European Union leaders face heated negotiations today on a deal to toughen emission-reduction policies in the next decade and boost the security of energy supplies amid a natural-gas dispute between Russia and Ukraine... Full Story

Saudi Arabia Said to Cut Crude Oil Supply to Market in September

By Wael Mahdi and Anthony DiPaola Oct 23, 2014 Saudi Arabia, the worldís biggest crude exporter, reduced supply to markets last month, according to a person familiar with the countryís oil policy. Prices rose after the report... Full Story

Senator Broaches Changing Size of Oil Reserves

In a letter sent today, Senator Ron Wyden (D., Ore... Full Story

Financial

Natural Gas Slides as Weather Forecasts Turn Warmer, Stockpiles Rise

By Matt Day Natural-gas futures fell to new 11-month lows on Thursday after weather forecasts pointed to limited demand for the heating fuel and government data showed a large increase in stockpiles. The front-month November contract fell 3.7 cents, or 1%, to settle at $3... Full Story

Oil Prices Rebound From 27-Month Low

By Nicole Friedman Oil prices bounced off multiyear lows Thursday on signs of demand growth and news that Saudi Arabia cut its supply to the market in September. Light, sweet crude for December delivery gained $1.57, or 2%, to $82... Full Story

Natural Gas Prices Fall to 11-Month Low Ahead of Storage Report

By Matt Day NEW YORK--Natural-gas prices slid to the lowest level in nearly a year on Thursday as traders awaited data expected to show U.S. stockpiles of the fuel last week increased by more than average for this time of year. Natural gas for November delivery fell 4.1 cents, or 1... Full Story

Oil Prices Trade Higher

By Nicole Friedman Oil prices gained Thursday on reports that Saudi Arabia supplied less oil to the market in September, even as the country's overall production grew. Light, sweet crude for December delivery traded up 59 cents, or 0.7%, at $81.09 a barrel on the New York Mercantile Exchange... Full Story

Oil Futures Climb After Saudi Arabia Supply Said to Fall

By Moming Zhou Oct 23, 2014 Brent gained and West Texas Intermediate rose from a two-year low after market supplies from Saudi Arabia, the worldís biggest crude exporter, were said to have dropped last month. Saudi Arabia supplied 328,000 barrels a day less to 9... Full Story

Natural Gas Closes at New 11-Month Low as Traders Expect Big Surplus

By Timothy Puko NEW YORK--Natural-gas prices set a new bottom for 2014 for the second time this week as traders expect news on a big addition to winter stockpiles. The front-month November contract settled down 5.2 cents, or 1.4%, to $3... Full Story

Releases

Royal Dutch Shell plc: Buyback of Own Shares

LONDON, October 23, 2014 /PRNewswire/ -- Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) announces that on 23 October, 2014 it purchased for cancellation 996,000 "A" Shares at a price of 2186.44 pence per share... Full Story

Repsol Cleared to Explore for Natural Gas Off Northern Spain

By Todd White Oct 23, 2014 Repsol SA (REP) won environmental clearance to drill two exploratory wells for natural gas off the Basque coast of northern Spain... Full Story

Occidental Petroleum Earnings Fall 24% On Lower Oil Prices

By Chelsey Dulaney Occidental Petroleum Corp. said its third-quarter earnings fell 24%, weighed down by lower crude oil prices and market volatility. The company--which has been divesting assets to better focus its operations--closed the $1.4 billion sale of its Hugoton Field assets in April... Full Story

BP Announces Oil Discovery in the Deepwater Gulf of Mexico

HOUSTON - BP today announced an oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The discovery well, on Keathley Canyon Block 10, was drilled by operator Chevron on behalf of the Guadalupe co-owners... Full Story

Chevron Unveils Oil Discovery in U.S. Gulf of Mexico

By Tess Stynes Chevron Corp. (CVX) unveiled a deepwater oil discovery in the U.S. Gulf of Mexico about 180 miles off the Louisiana coast... Full Story

OXY CEO: No Intention to Acquire Public Companies

Occidental (OXY) CEO Steve Chazen said the company will consider buying oil and gas acreage to complement its holdings, but has "no intention of acquiring public companies" as high oil prices have made them too expensive... Full Story

Weather

Hurricane Mapís Gulf of Mexico X Isnít as Bad as It Looks

By Brian K. Sullivan Oct 21, 2014 A potential tropical system in the Gulf of Mexico in August could raise eyebrows and send a ripple through energy markets. In October, itís a different story. Or at least, it should be... Full Story

Hurricane Gonzalo May Be Worst Bermuda Storm in 11 Years

By Brian K. Sullivan Oct 17, 2014 Gonzalo, classified as a major hurricane and bearing down on Bermuda with tree-snapping winds, is forecast to bring flooding and a life-threatening storm surge as itís projected to be the worst storm to hit the territory since Fabian in 2003... Full Story

New York Gets Frigid Winter Warning From Siberia Snowfall

By Brian K. Sullivan Oct 15, 2014 The snow in Siberia is piling up, and if it keeps coming, people in New York may have to bundle up this winter... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 10-10-2014 Our prediction for week ending 10-17-2014
3299 3390
Weekly change
+94up +91upest

Commodity Prices ($)

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