EIA DISCUSSION ARTICLE

Featured Articles for Mar 18, 2010

Forecast & Analysis

US Small Caps Slide As Oil Prices Batter Energy Sector

By Kristina Peterson Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--U.S. small-capitalization stocks fell Thursday as sliding crude-oil prices battered the energy sector... Full Story

Goldman Sachs Adjusts Oil Stocks Price Targets

[Dow Jones] Goldman Sachs adjusts oil stocks price targets, suggesting that integrated oils are not best positioned to benefit from the bullish outlook for crude prices... Full Story

DJ ENERGY MATTERS: OPEC 'Happy' Now, Concerned About Oil Outlook

By David Bird A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--For the fifth time in 12 months, OPEC ministers agreed Wednesday to keep oil production restraints in place... Full Story

Weekly Natural Gas Storage Data

Working gas in storage was 1,615 Bcf as of Friday, March 12, 2010, according to EIA estimates. This represents a net decline of 11 Bcf from the previous week... Full Story

Oil Has $88 a Barrel as Next ‘Port of Call’: Technical Analysis

By Yee Kai Pin March 18 (Bloomberg) -- Crude oil will have $88 a barrel as the next “port of call” if the market this week can surpass technical chart resistance above $83, according... Full Story

Europe Is Unlikely to Match U.S. Shale Boom Soon

By Eduard Gismatullin March 18 (Bloomberg) -- Pumping natural gas trapped in shale rock has made the U.S. the world’s largest producer of the fuel... Full Story

Top Stories

U.S. wind power growing fast but still lags

By Harriet McLeod GREENSBORO, N.C... Full Story

Former DuPont Employee Sentenced In Trade-Theft Case

By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--A former DuPont Co... Full Story

Calif Officials Blast PG&E Move To Sideline Competition

By Cassandra Sweet Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)--California government officials on Wednesday blasted a multimillion-dollar campaign by PG&E Corp... Full Story

EPA Launches Hydraulic Fracturing Study On Water Supplies

By Ian Talley Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S... Full Story

MMS: US Central Gulf Oil, Gas Lease Sale Bids Total $949 Mln

HOUSTON (Dow Jones)--The U.S. Minerals Management Service said Wednesday that its sale of offshore oil and gas leases in the central U.S... Full Story

US Oil Inventory Cover Highest Since Jan 29

[Dow Jones]--Total company-held US crude oil and petroleum product inventories dipped 0.2% to 1.0388 bln bbls from a week earlier in the week ended March 12, EIA data show... Full Story

Financial

OIL FUTURES: Crude Oil Gives Up Ground As Dollar Strengthens

By Edward Welsch Of DOW JONES NEWSWIRES Crude oil futures prices retreated Thursday under pressure from a rising dollar, and as traders consolidated their gains after pushing... Full Story

US Spot Crude: Oil Blends Stronger As Futures Fall

HOUSTON (Dow Jones)--Most oil blends strengthened in the U.S. Gulf spot market Thursday, as futures fell... Full Story

Natural Gas Falls to Five-Month Low as Stockpile Surplus Gains

By Reg Curren March 18 (Bloomberg) -- Natural gas futures dropped to the lowest price in more than five months as a surplus of the fuel gained following a smaller-than-forecast... Full Story

Crude Oil Futures Decline as Dollar Strengthens Against Euro

By Margot Habiby March 18 (Bloomberg) -- Oil fell for the first time in three days as a stronger dollar trimmed demand for commodities as an alternative investment. Oil declined 0... Full Story

US Gas Futures Fall On EIA Storage Data

[Dow Jones] Natural gas futures fall more than 4% after a U.S. government report shows a smaller-than-expected draw from natural gas storage. "It's a very bearish number... Full Story

OIL FUTURES: Crude Down On Greece Fears, But Gains On US Data

By Edward Welsch Of DOW JONES NEWSWIRES Crude oil futures, which fell overnight on worries over the status of a bailout package for Greece, staged a partial recovery... Full Story

Releases

Ecuador Plaintiffs Appeal US Court Decision On Chevron Arbitration

Lawyers for the Ecuadorian plaintiffs suing Chevron Corp. (CVX) filed a notice of appeal in U.S... Full Story

Delta Petroleum Surges After Vega Sale Agreement

By Jim Polson March 18 (Bloomberg) -- Delta Petroleum Corp., the U.S... Full Story

Lukoil May Buy Back Stake From ConocoPhillips, Vedomosti Says

By Yuriy Humber March 18 (Bloomberg) -- OAO Lukoil, Russia’s second-largest oil supplier, may buy back its shares from U.S... Full Story

Shell Says Criticism Of Venezuela Was 'Misunderstanding'

By Dan Molinski Of DOW JONES NEWSWIRES CARACAS (Dow Jones)--Royal Dutch Shell PLC (RDSB) moved Thursday to clear up what it calls a "misunderstanding" regarding sharply critical... Full Story

McMoRan Exploration Co. Announces Apparent High Bids on 17 Blocks on the Shelf of the Gulf of Mexico

NEW ORLEANS--(BUSINESS WIRE)--McMoRan Exploration Co... Full Story

Noble Energy Expands Deepwater Position in Central Gulf of Mexico Lease Sale 213

HOUSTON, March 17 /PRNewswire-FirstCall/ -- Noble Energy, Inc. (NYSE:NBL) announced today it was the apparent high bidder on 16 deepwater lease blocks in the Central Gulf of Mexico Lease Sale 213... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 3/12/10 Our prediction coming Tuesday 3/23/10
1,615 N/A
Weekly change
-11 down N/A

Commodity Prices ($)

Natural Gas4.275
Crude Oil82.10
Heating Oil2.1295