Featured Articles

Apr 24, 2014

Forecast & Analysis

Europe Has to Rely on Russian Oil, Gas for Now, MOL Chairman-CEO Says -- WSJ Blog

By Veronika Gulyas BUDAPEST--Europe can't avoid imports of Russian oil and natural gas in the short term, Zsolt Hernádi, chief executive and chairman of the board of MOL Nyrt. (MOL.BU), said Thursday... Full Story

Bank Cutting Commodities Trade Severs Link With Equities

By Isaac Arnsdorf Apr 24, 2014 Banks’ pullback from commodities trading is weakening the link between raw materials and equities and helping to re-establish supply and demand as the main factor in setting prices, United Nations researchers say. As Barclays Plc, JPMorgan Chase & Co... Full Story

Goldman Backs Case for Commodity Holdings as Rivals Cut

By Glenys Sim Apr 24, 2014 Goldman Sachs Group Inc. said that the case for holding commodities remains strong, bolstering the rationale for investments in oil and metals even as other banks exit the market... Full Story

Goldman Sachs Stands Firm as Banks Exit Commodity Trading

By Ambereen Choudhury Apr 23, 2014 Goldman Sachs Group Inc. (GS), whose three top executives began their careers at the firm in the commodity-trading unit, is poised to gain market share as pressure from regulators drives competitors to scale back. Barclays Plc (BARC), the U.K... Full Story

US Oil Supplies Hit Record Highs; Futures Drop -- Market Talk

Nymex oil futures slide to 2-week lows as the EIA says domestic inventories hit a record high last week, climbing 3.5M barrels to 397.7M in topping the old standard set last year... Full Story

Analysts Forecast 2.4 Million-Barrel Rise in Crude Stocks

By Nicole Friedman NEW YORK--U.S. crude-oil stocks are expected to rise in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates from 12 analysts surveyed showed that U.S... Full Story

Top News Stories

Investors Resume Putting Money into U.S. Stock Funds -- Lipper

By Chris Dieterich Investors resumed putting money into U.S. stock mutual funds during the most recent week as the markets showed signs of stabilization. Mutual and exchange-traded funds holding U.S. stocks took in $535 million in the week ended April 23, according to Lipper... Full Story

Wyoming explosion: Natural gas purification plant rocked

Residents and emergency crews were waiting for a fire to burn itself out after an explosion at a natural gas processing plant in a small town in southwestern Wyoming... Full Story

UN Security Council Threatens Sanctions Over South Sudan Violence

UNITED NATIONS (AFP) -- The UN Security Council on Thursday threatened targeted sanctions against those responsible for deadly violence in South Sudan, in a firm and unanimous statement... Full Story

Putin Warns of Consequences as Ukraine Steps Up Offensive

By Daryna Krasnolutska and Ilya Arkhipov Apr 24, 2014 President Vladimir Putin warned Ukraine against continuing its anti-separatist offensive after government troops killed five rebels and prompted Russia’s military to begin new drills on the two nations’ border... Full Story

Maliki Looks to Iraq’s Oil Gusher for Election Edge Amid Strife

By Nayla Razzouk, Khalid Al-Ansary and Dana El Baltaji Apr 24, 2014 Iraqi Prime Minister Nouri al-Maliki is banking on sales from the highest crude oil output in 35 years to earn him a third term even as he struggles against an emboldened al-Qaeda and a surge in political violence... Full Story

Shale Boom Sends U.S. Crude Supply to Highest Since 1930s

By Mark Shenk Apr 23, 2014 The U.S. is stockpiling the most crude since the Great Depression, thanks to the shale boom that has boosted production to the most in 26 years. Inventories rose 3.52 million barrels last week to 397... Full Story

Financial

Natural-Gas Prices Fall After Larger-Than-Expected Stockpile Rise

By Timothy Puko NEW YORK--Natural-gas futures fell Thursday after a larger-than-expected increase in stockpiles eased some of the concern about a potential shortage of the heating fuel next winter. Natural gas for May delivery fell 2.5 cents, or 0.5%, at $4... Full Story

Brent Oil Futures Hit Fresh High on Ukraine Worries

By Nicole Friedman NEW YORK--Brent oil, the international benchmark, strengthened to a seven-week high Thursday as the interim Ukrainian government called on the U.S. and European Union to impose broad sanctions on Russia, the No. 2 oil-exporting nation... Full Story

Oil Futures Bounce Higher on Violence in Ukraine

By Nicole Friedman NEW YORK--Oil futures gained Wednesday as increased violence in Ukraine renewed concerns that the West could impose sanctions on Russia, the No. 2 oil-exporting nation. Light, sweet crude for June delivery rose 72 cents, or 0.7%, to $102... Full Story

Natural-Gas Prices End Slightly Lower

By Timothy Puko Natural-gas prices ended lower Wednesday, following a midday selloff that stemmed from uncertainty over supplies... Full Story

Oil Prices Drop on Data Showing Biggest Stockpiles Since 1931

By Nicole Friedman NEW YORK--Oil futures slipped Wednesday after government data showed U.S. oil stocks were at their highest level in 83 years. Light, sweet crude for June delivery settled down 31 cents, or 0.3%, at $101... Full Story

Natural Gas Inches Up on Questions about Supply

By Timothy Puko Natural-gas futures are rising for the third time in four sessions Wednesday as cool spring weather across the U.S. reinforces concerns about gas supply levels. Natural gas for May delivery rose 3.4 cents, or 0.7%, to $4... Full Story

Releases

RMP Energy Achieves Record Quarterly Production and Increases 2014 Production Guidance

CALGARY, ALBERTA--(Marketwired - April 24, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce record average daily production for the first quarter of 2014 and increased fiscal 2014 production market guidance... Full Story

Cequence Energy achieves record production of 14,000 boepd

CALGARY, April 24, 2014 /CNW/ - Cequence Energy Ltd... Full Story

Ferus Buys Joint-Venture Partner Encana's Stake in Alberta LNG Plant

By Judy McKinnon Encana Corp.'s (ECA) joint-venture partner in an Alberta liquefied natural gas plant said Thursday it has purchased the natural-gas giant's 50% stake in the project, giving it full ownership. Ferus Natural Gas Fuels Inc... Full Story

Neste Oil's Stakeholder Advisory Panel appointed

Neste Oil's Board of Directors has invited representatives of the company's stakeholders to join a Stakeholder Advisory Panel that has been established to promote discussion between Neste Oil and its stakeholders on subjects such as the company's operations, business development, and... Full Story

Sinopec Bullish Bets at Three-Year High on Stake Sale

By Kana Nishizawa Apr 24, 2014 Traders in China Petroleum & Chemical Corp. (386) options are betting reforms to loosen restrictions on private investment in state enterprises will prove a boon for the shares of Asia’s largest refiner... Full Story

Duke Energy selects five South Carolina properties for potential industrial development

GREENVILLE, S.C., April 23, 2014 /PRNewswire/ -- Duke Energy (NYSE: DUK) has selected five South Carolina properties for participation in its 2014 Site Readiness Program to prepare the properties for potential industrial development... Full Story

Weather

El Nino Risk Increases as Pacific Gets Warmer: Carbon & Climate

By Brian K. Sullivan Apr 24, 2014 The odds are increasing that an El Nino weather system will form this year, portending drought for Australia and Asia and a warmer winter in the U.S. Northeast. The U.S... 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

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NATURAL GAS STORAGE*
EIA report for week ending 4-11-2014 Our prediction for week ending 4-18-2014
850 907
Weekly change
+24up +57upest

Commodity Prices ($)

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