Featured Articles

Oct 09, 2015

Forecast & Analysis

85 Gas Projects Dying on the Vine as LNG's Promise Falls Short

By Christine Buurma, Stephen Stapczynski and Naureen Malik October 9, 2015 Five years ago, energy companies hungry for the next big thing started planning as many as 90 terminals to send natural gas around the globe. Now, it seems the world only needs five more. Consulting firm IHS Inc... Full Story

Offshore Drillers: 'Little Risk in Going Long' -- Barron's Blog

y Ben Levisohn The Zephirin Group's Longdley Zephirin contends there's "little risk in going long" offshore drillers like Transocean ( RIG), Ensco ( ESV), Noble ( NE) and Diamond Offshore Drilling ( DO)... Full Story

Declines in U.S. Production Won't Solve Oil Glut -- Market Talk

The declines in U.S. oil production are not going to solve the crude glut which will linger around well into 2016, says Dominick Chirichella of Energy Market Analysis. Prices have rallied this week on expectations of further cuts in output, and the market may have hit a short term bottom, but Mr... Full Story

Oil Rig Count to Help Crude Market? -- Market Talk

The Baker Hughes rig count, often used as a proxy for activity in the oil industry, could help the oil price post more gains Friday. The latest figures are due at 1300 ET, and could well show another drop... Full Story

Weak Global Economy Will Halt Oil Recovery -- Market Talk

The global economy will not sustain any oil price recovery over $65 a barrel, according to a Copenhagen-based oil trader. Michael Nielsen at Global Risk Management says that while falling supply will give oil prices a tailwind, weak economic data in key countries such as the U.S... Full Story

Oil's Next Move Is Up, One Well-Known Bull Says

By Paul Vigna The oil bulls are coming out of hiding. As market sentiment coalesced around a "lower for longer" mentality this quarter, even the most bullish analysts have tempered their expectations... Full Story

Top News Stories

U.S. Drillers Idle Rigs for 6th Week as Oil Lingers Near $50

By David Wethe October 9, 2015 U.S. oil explorers idled rigs for a sixth week as they grapple with crude near $50 a barrel. Rigs targeting oil in the U.S. fell by 9 to 605, adding to the 61 sidelined in the previous five weeks and extending a five-year low, Baker Hughes Inc... Full Story

Venezuela Says OPEC, Other Oil Producers to Meet Oct 21 -- Market Talk

Eulogio del Pino, Venezuela's oil minister and head of state energy giant PDVSA, says that OPEC nations as well as some non-OPEC oil-exporting countries will hold a technical meeting Oct. 21... Full Story

'Flash Crash' Fix Faces New Setback

By Andrew Ackerman A troubled market monitoring project launched after the 2010 "flash crash" has faced a new setback: regulators have failed to hire a technology expert to oversee development of a giant computer system to track the trading of stocks and options... Full Story

Saudi Arabia Said to Order Spending Curbs Amid Oil Price Slump

By Deema Almashabi and Matthew Martin October 8, 2015 Saudi Arabia is ordering a series of cost-cutting measures as the slide in oil prices weighs on the kingdom’s budget, according to two people with knowledge of the matter... Full Story

Libya's Oil Export Capacity Rises as Zueitina Port Reopens

By Hatem Mohareb and Maher Chmaytelli October 8, 2015 Libya’s crude export capacity increased as Zueitina, an oil port in the eastern region, resumed loadings after a five-month halt due to protests, a workers union said... Full Story

More Stable Oil Price Can't Come Too Soon for Cyclical Stocks

By David Wilson October 8, 2015 Greater stability in the price of oil is poised to bolster stocks most closely tied to the economy’s performance, according to Andrew Garthwaite, a global equity strategist at Credit Suisse Group AG... Full Story


Natural Gas Prices Rise as Drilling Declines

By Nicole Friedman NEW YORK--Natural gas rose Friday on expectations of falling production. Futures for November delivery settled up 0.4 cent, or 0.2%, at $2.502 a million British thermal units on the New York Mercantile Exchange, the highest settlement since Sept. 30. Prices rose 2... Full Story

Gas Prices Slip on Supply Concerns

By Nicole Friedman NEW YORK--Natural gas prices slipped Friday from a one-week high as traders assessed the oversupplied market... Full Story

U.S. Oil Prices Hover Around $50 a Barrel

By Nicole Friedman And Georgi Kantchev NEW YORK--U.S. oil prices oscillated around $50 a barrel Friday as traders waited on key U.S. drilling data. Prices have rallied sharply this week, driven by a weakening dollar, expectations of continued falling U.S... Full Story

Natural Gas Gains on Smaller-Than-Expected Stockpile Addition

By Timothy Puko Natural gas prices made a small, sharp move higher Thursday to near a one-week high after last week's storage addition turned out to be slightly smaller than expected. Prices for the front-month November contract settled up 2.4 cents, or 1%, at $2... Full Story

U.S. Crude Prices Rise to Near-Three-Month High

By Nicole Friedman NEW YORK--Oil futures rose Thursday, briefly trading above $50 a barrel for the first time since July, as the dollar weakened and traders focused on expectations of shrinking U.S. production. Concerns about Russia's military operations in Syria also supported prices... Full Story

Natural Gas Gains as Bottom-Pickers Keep Searching

By Timothy Puko Natural gas is making small gains for the fourth time in five sessions as traders who move based on charts and momentum continue looking for a bottoming in the market after it hit a three-year low last week. Natural gas for November delivery is up 1.5 cents, or 0... Full Story


Icahn's American Railcar Leads Tank-Car Rally After Oil Rout

By Thomas Black and Yasufumi Saito October 9, 2015 Carl Icahn’s American Railcar Industries Inc. is leading a rebound among railroad tank-car producers as traders embrace the industry again after a rout in the stocks... Full Story

US Judge Approves Bankruptcy Plan for Railway in Quebec Train Blast

By Patrick Fitzgerald A U.S. judge approved the multimillion-dollar bankruptcy-exit plan clearing the way for victims of a deadly 2013 Canadian train derailment to begin receiving payment from a $343 million fund as early as the end of November. Judge Peter G... Full Story

Judge Sets Nov. 10 Auction for Hovensa's Oil Storage Operations

By Katy Stech Lawyers for the dormant Hovensa oil refinery on St. Croix in the U.S. Virgin Islands are preparing to sell its oil storage operations at a Nov. 10 auction. At a hearing Thursday, Judge Mary Walrath set a Nov... Full Story

Glencore Cuts Zinc Output, Suspends Two Mines After Price Slide

By Rhiannon Hoyle SYDNEY--Glencore PLC (GLEN.LN) said it would cut its annual zinc production by roughly one-third, including suspending some operations entirely, after a slide in metal prices... Full Story

Gunvor Inks Deal to Buy Kuwait Petroleum's Europoort Refinery

By Sarah Kent LONDON--Gunvor Group on Thursday said it has reached an agreement to buy a refinery in The Netherlands from Kuwait Petroleum International... Full Story

Eurasia Drilling Gets Buyout Offer at Half Schlumberger Bid

By Rakteem Katakey and Stephen Bierman October 8, 2015 Eurasia Drilling Co. received a buyout offer from management and shareholders at less than half the price bid by Schlumberger Ltd. in January. The stock tumbled... Full Story


Commodity traders eye Hurricane Joaquin

Commodity traders are closely watching the progress of Hurricane Joaquin as it has strengthened over the past few days and is heading towards the north-east coast of America... Full Story

EIA report for week ending 9-24-2015 Our prediction for week ending 10-02-2015
3440 2636
Weekly change
+106up +98upest

Commodity Prices ($)

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