Featured Articles

Apr 16, 2014

Forecast & Analysis

Anadarko Joins Ad Blitz to Thwart Colorado Fracking Curbs

By Jennifer Oldham Apr 15, 2014 Anadarko Petroleum Corp. (APC) and Noble Energy Inc... Full Story

China’s Growth Slows to Six-Quarter Low

By Bloomberg News Apr 16, 2014 China’s expansion moderated to the weakest pace in six quarters and property construction plunged, testing leaders’ commitment to keep reining in credit as risks mount of a deeper slowdown. Gross domestic product rose 7... Full Story

Radioactive Waste Is North Dakota's New Shale Problem

By Chester Dawson At a deserted gas station in a remote North Dakotan town, local officials recently found the latest example of the shale-oil boom's unintended consequences: hundreds of garbage bags filled with mildly radioactive waste... Full Story

Eni Transition Ends Scaroni's 9-Year Reign

By Justin Scheck and Liam Moloney By proposing to remove the chief executive of Italian oil giant Eni SpA, Italian Prime Minister Matteo Renzi is pushing aside one of Italy's most resilient and politically connected businessmen. Mr... Full Story

Analysts Forecast 1.5 Million Barrel Rise in Crude Stocks

By Nicole Friedman NEW YORK--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 13 analysts showed that U.S. oil inventories are projected to have risen by 1... Full Story

Challenges Await Eni's New Boss -- Heard on the Street

By Helen Thomas It is an odd system that allows the government to overhaul top management of state-controlled companies every three years... Full Story

Top News Stories

Rival Somali Forces Face Off Over Flashpoint Sool Zone

MOGADISHU, Somalia (AFP)--Armed forces from Somalia's rival northern regions faced off Wednesday over a contested region, with both the United Nations and U.S. calling for calm... Full Story

Oil Tanker Starts Loading First Crude From East Libya in Months

By Nayla Razzouk and Saleh Sarrar Apr 16, 2014 An oil tanker started loading crude at Libya’s eastern port of Hariga as the region exports oil for the first time since July after civil unrest decimated the North African country’s production and shipments... Full Story

Radioactive Waste Booms With Fracking as New Rules Mulled

By Alex Nussbaum Apr 16, 2014 Oilfields are spinning off thousands of tons of low-level radioactive trash as the U.S. drilling boom leads to a surge in illegal dumping and states debate how much landfills can safely take... Full Story

Tanker Docks to Collect First East Libyan Crude in Months

By Nayla Razzouk and Saleh Sarrar Apr 15, 2014 An oil tanker docked at a port in eastern Libya as the region prepares to export crude for the first time since July after civil unrest decimated the North African country’s production and shipments... Full Story

Gunmen Kidnap Jordan Envoy To Libya

TRIPOLI (AFP)--Masked gunmen kidnapped Jordan's ambassador as he traveled to work in the Libyan capital on Tuesday, shooting at his car and wounding his driver, the Tripoli and Amman governments said... Full Story

Fragile Europe Weakens U.S. Push for Russia Sanctions

By Sangwon Yoon Apr 15, 2014 The U.S. readiness to impose new economic sanctions on Russia over Ukraine is offset by the European Union’s reluctance to introduce stronger measures that could threaten its already fragile economic recovery... Full Story


Natural Gas Edges Lower With Traders Divided

By Timothy Puko NEW YORK--Natural-gas futures eased Wednesday as traders awaited more data to gauge how quickly producers can replenish stockpiles that are at an 11-year low. Natural gas for May delivery fell 1 cent, or 0.2%, to $4... Full Story

Oil Futures Prices Hit Six-Week Highs on Ukraine Crisis

By Nicole Friedman NEW YORK--Oil futures prices gained on Wednesday, as unrest in Ukraine fueled concern the West could impose further sanctions on Russia, the world's second-largest oil exporter. Light, sweet crude for May delivery rose 98 cents, or 0.9%, to $104... Full Story

Natural Gas Rises on Hopes for Early Spring Heating Demand

By Christian Berthelsen Natural-gas futures ended higher Tuesday as weather forecasts for colder-than-normal temperatures spurred hopes that the fuel would be needed to heat homes in much of the eastern U.S. through the end of the month. Natural gas for May delivery rose as much as 1... Full Story

Gasoline Futures Hit 7 1/2-Month High on Supply Concerns

By Nicole Friedman NEW YORK--Gasoline futures rose Tuesday to their highest level since August on expectations that U.S. inventories would continue to shrink ahead of the summer-driving season. Front-month May reformulated gasoline blendstock, or RBOB, settled up 0.37 cent, or 0... Full Story

Natural-Gas Prices Climb on Return of Cool Weather

By Christian Berthelsen Natural-gas prices rose on Tuesday, as newly revised weather forecasts showed a snap of colder-than-normal temperatures over much of the eastern seaboard for mid- to late-April. Natural gas for May delivery rose 5.3 cents, or 1.2%, to $4... Full Story

Crude Prices Fall as China, Ukraine Weigh on Market

By Christian Berthelsen Crude-oil prices fell Tuesday on concerns that Chinese energy demand could wane following recent data and as diplomatic talks about Ukraine eased worries about possible supply disruptions. Light, sweet crude for May delivery was down 12 cents, or 0.1%, to $103... Full Story


Statoil's share saving plan allocates shares

STAVANGER, Norway, April 16, 2014 (GLOBE NEWSWIRE) -- The shares purchased by DNB on behalf of Statoil ASA (OSE:STL, NYSE:STO) on 15 April 2014 for use in the group's share saving plan have on 16 April 2014 been distributed to the employees in accordance with their savings amount... Full Story

Saipem Wins $4 Bln Contracts from Total in Offshore Angola

By Liam Moloney ROME--Saipem SpA (SPM.MI), Italy's biggest oil services company by revenue, said Wednesday it won two contracts in offshore Angola totaling more than $4 billion, as it seeks to boost its order backlog with more profitable contracts... Full Story

Ecopetrol Reports on the Authorization Received to Manage Bond Emissions in the International Market

BOGOTA, Colombia, April 16, 2014 /PRNewswire/ -- Ecopetrol S.A... Full Story

Sinopec Pays $1.2 Billion for Lukoil Stake in Kazakh Assets

By Aibing Guo and Elena Mazneva Apr 15, 2014 China Petroleum & Chemical Corp. (386), Asia’s biggest refiner, agreed to pay Russia’s OAO Lukoil about $1.2 billion to take control of assets in Kazakhstan... Full Story

Encana Seeks to Tap Oil Royalties Demand in IPO by June

By Rebecca Penty Apr 15, 2014 Encana Corp. (ECA), Canada’s largest natural gas producer, will sell shares of a royalty unit in Alberta as early as next month as it seeks to profit from investor demand for returns based on production. About 5.2 million acres (2... Full Story

Calpers, Pension Fund Oppose Re-election of Four Duke Board Members

By Tess Stynes The California Public Employees' Retirement System and the New York City Pension Funds are urging Duke Energy Corp. (DUK) shareholders to vote against the re-election of four board members... Full Story


Snowstorm From U.S. Midwest Sweeps Cold Air Into the East

By Brian K. Sullivan Apr 16, 2014 Temperatures in Washington and New York dropped as much as 35 degrees as a cold front that brought snow to Chicago this week swept eastward with gusty winds grounding flights... Full Story

El Nino Signs Detected, Presaging Global Weather Change

By Alex Morales Apr 15, 2014 Signs have been detected that a periodic warming of the tropical Pacific known as El Nino is imminent, presaging changes to global weather patterns in the months ahead, the World Meteorological Organization said... Full Story

Snowstorm From Midwest Sweeps Into East With Cold

By Brian K. Sullivan Apr 15, 2014 Temperatures in Washington and New York are forecast to drop as much as 38 degrees today as a cold front that brought snow to Chicago yesterday sweeps eastward with gusty winds grounding flights... Full Story

EIA report for week ending 4-10-2014 Our prediction for week ending 4-11-2014
826 865
Weekly change
+4up +39upest

Commodity Prices ($)

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