Featured Articles

Jul 24, 2014

Forecast & Analysis

Note to Oil Market: Don't Forget Iraq -- Market Talk

With so much focus on Ukraine and Gaza it's easy to forget that a month ago the price of oil was being driven by events in Iraq. Petromatrix says the time is right to again increase the geopolitical risk premium for the Middle Eastern country... Full Story

U.S. Refiners to Ship Most Fuel to Europe Since November

By Priyanka Sharma Jul 24, 2014 Traders booked the most tankers in eight months to ship diesel and heating oil to Europe from the U.S. Gulf, where refining is surging as a consequence of Americaís rising crude production... Full Story

IMF Cuts 2014 Global Forecast After Slowdowns From China to U.S.

By Sandrine Rastello Jul 24, 2014 The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices. The world economy will advance 3... Full Story

Cliffs Natural Resources: How Bad Will Earnings Be? -- Barron's Blog

By Ben Levisohn Cliffs Natural Resources ( CLF) reports its financial results tomorrow, which means that for at least a few minutes we can take out minds off the proxy battle between the iron miner and Casablanca Capital... Full Story

Possible Repsol Deal Logical Though Likely Has Limits -- Market Talk

[Dow Jones] -- It's no secret Repsol (REP.MC) has been looking around for acquisitions, particularly of oil assets in OECD countries, so confirmation from Canada's Talisman Energy that the two companies have been in talks about a transaction is not a surprise, says one London-based analyst... Full Story

Flat Oil Prices Reflect Mixed Signals

By Cassie Werber Crude-oil futures trundled along Wednesday, pushed and pulled by different factors, none of which seemed able to make a decisive impact on the price. High demand in the U.S., which has been supporting prices there, looked to have slackened... Full Story

Top News Stories

Ukraine Coalition Government Collapses as 2 Parties Quit

By Daria Marchak Jul 24, 2014 Ukraineís coalition collapsed after two parties quit during a months-long pro-Russian insurgency in the nationís east that downed a Malaysian Air jet last week... Full Story

Malaysia Jet Probe Seeks Rocket Trace in Black Boxes, Bodies

By Chris Jasper Jul 24, 2014 The black boxes from the downed Malaysian jet have begun giving up information a week after the tragedy in east Ukraine, with the examination of bodies also under way as crash experts seek evidence of a missile strike. The U.K... Full Story

Prudent Russia Sanctions Urged by Merkel Business Lobby

By Patrick Donahue Jul 24, 2014 German Chancellor Angela Merkel should be prudent in seeking sanctions on Russia aimed at shaking President Vladimir Putinís support for Ukrainian rebels, the head of a business lobby tied to her party said... Full Story

Russia Oil Exports by Sea to Reach 6-Year Low on Refining

By Jake Rudnitsky Jul 24, 2014 Russiaís crude exports on tankers are poised to fall to the lowest in at least six years as a government push to improve and expand domestic refineries means more oil is exported as fuels like diesel... Full Story

Energy Up on Tight U.S. Supplies -- Energy Roundup

Shares of oil-and-gas companies rose alongside oil prices Wednesday as a U.S. inventory report showed tightening supplies. Crude-oil stockpiles fell by almost 4 million barrels to 371.1 million barrels in the week ended July 18, the U.S... Full Story

EU Sets 30% Energy Savings Target Under New Proposals

By Vanessa Mock BRUSSELS--European Union countries will have to strive to make energy savings of 30% by 2030, according to controversial proposals unveiled by the European Commission on Wednesday... Full Story

Financial

Natural-Gas Prices Climb on Smaller-Than-Expected Add to Inventories

By Timothy Puko NEW YORK--Natural-gas futures prices closed up for the first time in a week after a weekly U.S. stockpile report showed a smaller surplus than expected. Prices for the front-month August contract settled up 8.5 cents, or 2.3%, to $3... Full Story

Oil Prices Slip as Traders Mull U.S. Supplies, Global Crises

By Daniel Huang Oil prices ended lower Thursday despite shrinking U.S. crude supplies and crises in Eastern Europe and the Middle East. Light, sweet crude for September delivery fell $1.05, or 1%, at $102.07 a barrel, the lowest closing price since July 16 on the New York Mercantile Exchange... Full Story

Natural-Gas Prices Climb on Smaller-Than-Expected Add to Inventories

By Timothy Puko NEW YORK--Natural-gas futures prices were are climbing on Thursday for the first time in a week, after a weekly U.S. stockpile report showed a smaller surplus than expected. Producers added 90 billion cubic feet of gas to storage in the week ended July 18, the U.S... Full Story

Oil Prices Slip as Traders Mull U.S. Supplies, Global Crises

By Daniel Huang Oil futures slipped Thursday despite government storage data indicating shrinking supplies and geopolitical crises in Eastern Europe and the Middle East. Light, sweet crude for September delivery edged down 52 cents, or 0.5%, at $102... Full Story

Natural-Gas Futures Set new 8-Month Low on Mild Weather

By Timothy Puko Natural-gas prices closed at a new eight-month low again Wednesday as a mild summer extended the market's losing streak to five sessions. Prices for the front-month August contract settled down 1 cent, or 0.3%, to $3... Full Story

U.S. Oil Futures Rise on Falling Cushing Inventories

By Mark Shenk Jul 23, 2014 West Texas Intermediate crude rose after a government report showed stockpiles dropped at Cushing, Oklahoma, the contractís delivery point. Gasoline futures fell to the lowest level in almost five months after supplies gained. Cushing supplies fell by 1... Full Story

Releases

Ecopetrol to Study Rubiales Field Future as STAR Pilot Ends

By Andrew Willis and Oscar Medina Jul 24, 2014 Ecopetrol SA (ECOPETL) is in no rush to decide the future of Colombiaís largest oil field, with the government saying that a technology being developed by Pacific Rubiales Energy Corp. (PRE) is one of many options that could be used... Full Story

Husky Energy Announces 2014 Second Quarter Dividend

CALGARY, ALBERTA--(Marketwired - July 24, 2014) - The Board of Directors of Husky Energy (TSX:HSE) has declared a quarterly dividend of $0.30 (Canadian) per share on its common shares for the three-month period ended June 30, 2014... Full Story

Centrica Confirms Talks With BP's Conn Who May Succeed Laidlaw as Chief Executive

By Razak Musah Baba and Ian Walker LONDON--U.K.-based utility firm Centrica PLC (CNA.LN) confirmed Thursday that it has been, and continues to be, in discussions with BP PLC's (BP.LN) Board Director Iain Conn about the possibility of him succeeding Sam Laidlaw as CEO of Centrica... Full Story

Encana Profit Falls But Its Production of Oil and Natural Gas Grows

By Judy McKinnon Encana Corp., which continues to execute a monthslong strategy of reducing its exposure to natural gas, posted a 31% drop in second-quarter operating earnings and a dip in cash flow despite oil and natural-gas liquids production growth... Full Story

BP Group Managing Director to Step Down

By Ian Walker and Razak Musah Baba LONDON--Oil major BP PLC said on Thursday that its group managing director, Iain Conn, will step down by the end of the year, after 29 years' service and 10 years on the board... Full Story

Husky Faces Cost Overruns at Oil-Sands Project -- Market Talk

Canadian oil and gas producer Husky (HSE.T) says a new oil-sands project in northern Alberta is facing cost overruns. The budget is C$2.7B, and the company declines to give a new cost estimate... Full Story

Weather

Japan City Evacuates 90,000 as Typhoon Nears Kyushu

By Jacob Adelman and Brian K. Sullivan Jul 9, 2014 Typhoon Neoguri weakened to a tropical storm as it moved toward Japanís southernmost main island of Kyushu after prompting the evacuation of almost 90,000 people amid threats of floods and landslides... Full Story

Arthur Leaves Thousands in Atlantic Canada Without Power

By Gerrit De Vynck Jul 7, 2014 Crews are working to bring back electricity to thousands of homes in Atlantic Canada after post-tropical storm Arthur swept through the area... Full Story

Arthur Strengthens to Become First Atlantic Hurricane

By Brian K. Sullivan, Heesu Lee and Naomi Christie Jul 3, 2014 Arthur strengthened off the coast of North Carolina to become the first hurricane of the Atlantic season, packing maximum winds of 75 miles (120 kilometers) per hour... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 7-11-2014 Our prediction for week ending 7-18-2014
2129 2223
Weekly change
+107up +94upest

Commodity Prices ($)

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