Featured Articles

Sep 19, 2014

Forecast & Analysis

Money Managers Dial Up Bullish Oil Bets -- Market Talk

Speculators added fresh wagers on rising crude-oil prices in the week ended Tuesday, according to CFTC data. Hedge funds, pension funds and others added 10,160 new bets on rising prices and slashed 6,876 bets on falling prices. Their net-long position rose 9... Full Story

Surging Gas Supply Masks Risk of Winter Price Shock

By Christine Buurma Sep 19, 2014 Gas traders betting that ample supply will limit price gains risk a repeat of last winter’s rally as forecasts for another frigid season raise the specter of supply constraints. AccuWeather Inc... Full Story

Russia Sanctions May Force Oil-Project Firesales -- Market Talk

There may be some firesales in the coming weeks, as sanctions force Western companies to cut ties to top Russian energy companies' offshore, deepwater and shale exploration by next week... Full Story

Linn Energy: ExxonMobil Swap a 'Positive Step' -- Barron's Blog

By Ben Levisohn Last night, Linn Energy (LINE) and ExxonMobil (XOM) agreed to swap assets, with Exxon receiving land in the west-Texas Permian Basin and Linn Energy getting land in Bakersfield, Calif... Full Story

Japan’s Idled Reactors, Weak Yen Drive Deficit on Energy

By Yuriy Humber and Chikako Mogi Sep 18, 2014 Few are as eager as Prime Minister Shinzo Abe to see Japan’s idled nuclear reactors brought back into operation... Full Story

Oil Clogging U.S. Railways Seen Limiting Exports of Grain

By Naomi Christie and Shruti Date Singh Sep 19, 2014 Shipping companies probably will miss out on exports from the record U.S. grain harvest because the shale-oil boom is clogging up rail lines to ports. While the U.S... Full Story

Top News Stories

Western Oil Companies to Continue in Russia Despite Sanctions

By Andrei Ostroukh And Alexander Kolyandr SOCHI, Russia--Western oil companies have pledged their readiness to continue working in Russia despite Western sanctions, which have already put a brand new project into question... Full Story

Canada, U.S. Sign Deal to Boost Energy Cooperation

By Nirmala Menon OTTAWA--Canada and the U.S. signed an agreement Thursday to boost energy collaboration between the two countries, including sharing technical know-how on improving environmental practices in oil and gas development. U.S... Full Story

Russian Billionaires Stung by Ukraine Bristle Over Arrest

By Henry Meyer and Stephen Bierman Sep 18, 2014 The arrest of one of Russia’s oldest billionaires is sending shivers down the backs of business owners already reeling from U.S. and European sanctions over President Vladimir Putin’s policies in Ukraine... Full Story

Kenya Sees Oil Resources Almost Doubling With More Drilling

By David Malingha Doya Sep 18, 2014 Kenya expects its estimate of oil resources to almost double to 1 billion barrels as well-drilling climbs and the government forges ahead with plans to build an export pipeline, an energy ministry official said. Tullow Oil Plc... Full Story

U.S. Oil Output Surges to Highest Since 1986 on Shale

By Mark Shenk Sep 17, 2014 U.S. crude production climbed to the highest level in more than 28 years last week as the shale boom moved the country closer to energy independence. Output rose 248,000 barrels a day to 8... Full Story

Russia Sees Positive Step in Law for Eastern Ukraine

By Scott Rose and Daryna Krasnolutska Sep 17, 2014 Russia called the new law providing a special status for war-torn eastern Ukraine “a step in the right direction” while the government in Kiev cautioned that a drop in Russian natural gas supplies could hobble the European Union during the... Full Story

Financial

U.S. Oil Futures Slip on Supply, Firmer Dollar

By Nicole Friedman NEW YORK--U.S. and global oil prices diverged Friday as supply concerns weighed on U.S. prices, though both contracts posted slight gains for the week. Light, sweet crude for October delivery settled down 66 cents, or 0.7%, to $92... Full Story

Natural Gas Prices Edge Lower on Strong Supply, Comfortable Weather

By Timothy Puko NEW YORK--Natural-gas prices closed lower on Friday for a second day, as big surpluses of the fuel and expectations of lower demand encouraged selling. Prices for the front-month October contract fell 7.3 cents, or 1.9%, to $3... Full Story

WTI Falls Third Day on Dollar Strength as Supply Rises

By Moming Zhou Sep 19, 2014 West Texas Intermediate crude fell for a third day on rising U.S. inventories as a stronger dollar weighed on commodity prices. Brent futures rose on supply risks. Stockpiles increased last week for the first time since Aug... Full Story

Natural-Gas Prices Fall on Strong Supply and Technical Trading

By Timothy Puko NEW YORK--Natural-gas prices slipped Friday for a second day as traders stayed focused on the healthy supply overwhelming the market. Natural gas for October delivery is down 5.2 cents, or 1.3%, at $3.858 a million British thermal units on the New York Mercantile Exchange... Full Story

Crude Oil Futures Slip on Supply, Firmer Dollar

By Nicole Friedman NEW YORK--Oil prices moved lower Friday on a strong U.S. dollar and continued concerns about high supplies. Still, prices were set to post a gain for the week, as increased geopolitical risks and the potential for supply cuts boosted prices earlier in the week... Full Story

WTI Falls Third Day on Dollar Strength as Supply Rises

By Moming Zhou Sep 19, 2014 West Texas Intermediate crude fell for a third day on rising U.S. supplies and as a stronger dollar weighed on commodity prices. Stockpiles increased last week for the first time since Aug. 8, according to the Energy Information Administration... Full Story

Releases

ExxonMobil Statement on Treasury Department Sanctions on Russia

IRVING, Texas--(BUSINESS WIRE)--September 19, 2014-- ExxonMobil is complying with all U.S. sanctions. The U.S. Treasury Department, recognizing the complexity of the University-1 well and the sensitive Kara Sea arctic environment, has granted a license to ExxonMobil and other U.S... Full Story

Royal Dutch Shell plc - Buyback of Own Shares

LONDON, September 19, 2014 /PRNewswire/ -- Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) announces that on 19 September, 2014 it purchased for cancellation 17,856 "A" Shares at a price of 2398.65 pence per share... Full Story

ExxonMobil Statement on Treasury Department Sanctions on Russia

IRVING, Texas--(BUSINESS WIRE)--September 19, 2014-- ExxonMobil is complying with all U.S. sanctions. The U.S. Treasury Department, recognizing the complexity of the University-1 well and the sensitive Kara Sea arctic environment, has granted a license to ExxonMobil and other U.S... Full Story

Chevron Hires Investment Bank to Sell Kapolei Refinery in Hawaii

By Lynn Doan Sep 19, 2014 Chevron Corp. (CVX), the world’s third-largest oil producer by market value, is searching for someone to buy one of its smallest refineries, the Kapolei facility on the Hawaiian island of Oahu... Full Story

Exxon Said to Halt Arctic Oil Well Drilling on Sanctions

By Alan Katz, Joe Carroll, Mikael Holter and Stephen Bierman Sep 19, 2014 Exxon Mobil Corp... Full Story

Royal Dutch Shell plc : Buyback of Own Shares

LONDON, September 18, 2014 /PRNewswire/ -- Royal Dutch Shell plc (NYSE: RDS.A)(NYSE: RDS.B) announces that on 18 September, 2014 it purchased for cancellation 685,794 "A" Shares at a price of 2397.81 pence per share... Full Story

Weather

August Was World’s Warmest on Record for Month, NOAA Says

By Brian K. Sullivan Sep 18, 2014 August was the warmest on record for the Earth, the National Oceanic and Atmospheric Administration said. The combined land and sea temperature was 1.35 degrees Fahrenheit above the 20th century average for the month of 60... Full Story

Ready for Winter? The Search for Snow Has Begun in U.S.

By Brian K. Sullivan Sep 18, 2014 The winter desk at the U.S. Weather Prediction Center is open for business. Operations at the College Park, Maryland, center began on the overnight shift Sept. 14, a week before the official end of summer, according to a post on the agency’s Facebook page... Full Story

Hurricane Odile Weakens After Pounding Los Cabos Resorts

By Brian K. Sullivan and Lars Paulsson Sep 15, 2014 Hurricane Odile, the strongest to hit Baja California Sur in decades, weakened slightly as it battered the Mexican peninsula with high winds and rain. Odile went ashore near the resort city of Cabo San Lucas at about 10:45 p.m... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 9-12-2014 Our prediction for week ending 9-12-2014
2891 2890
Weekly change
+90up +89upest

Commodity Prices ($)

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