Featured Articles

Oct 30, 2014

Forecast & Analysis

Financial Hedging Caused Recent Oil Losses: MS -- Market Talk

There's been a lot of murmuring in crude markets that large put option volume contributed to the selloff that has brought oil prices down about 25% in recent months... Full Story

Oil Price Slump Unbalances Majors' Budgets -- Heard on the Street

By Helen Thomas All together now--and squeeze. Just as Europe's oil and gas companies were getting close to covering capital spending and dividends with operating cash flow, along comes a slump in the oil price... Full Story

Shale Energy Producers Can Tolerate Lower Oil Prices -- Market Talk

Current oil prices are not hurting American energy companies, said Jim Teague, chief operating officer of Enterprise Products Partners (EPD). "I can't predict oil prices or what OPEC will do or will not do, but $80 oil is not killing the US shale producers," he said today on an earnings call... Full Story

M&A in Oil Sector Likely to Remain on Hold for Now -- Market Talk

The recent sudden slide in oil prices could put a hiatus on M&A in the oil sector, at least until prices stabilise, says Michael O'Dwyer, managing director and co-head of EMEA natural resources at Morgan Stanley... Full Story

Putin Russia Has Most Profit, Worst Emerging Market Value

By Ye Xie and Halia Pavliva Oct 30, 2014 The weakening ruble is proving to be a silver lining for stocks that account for the majority of sales on the benchmark Micex index... Full Story

Why Oil Prices Went Down So Far So Fast

By Isaac Arnsdorf Oct 30, 2014 The reasons oil prices started sliding in June were hiding in plain sight: growth in U.S. production, sputtering demand from Europe and China, Mideast violence that threatened to disrupt supplies and never did... Full Story

Top News Stories

Nigerian Bank Debt Taps Turned Off by Oil-Price Slump

By Emele Onu and Paul Wallace Oct 30, 2014 Central bank rules to curb foreign-currency borrowing by Nigerian lenders threaten to halt Eurobond sales by banks in Africaís biggest oil producer as lower crude prices heighten risks to the naira... Full Story

Argentine Lawmakers Approve Hydrocarbons Law to Boost Investment

By Charlie Devereux Oct 30, 2014 Argentine lawmakers approved a revision of the oil law to include regulations for shale and offshore oil and gas exploration as the nation seeks to boost investment in its Vaca Muerta formation... Full Story

Gasoline Price Study to Fuel Debate on U.S. Oil Exports

By Brian Wingfield and Jim Snyder Oct 29, 2014 The push to end a four-decade limit on exporting U.S. oil may get a boost from a government study set for release as soon as today that will explain the relationship between crude oil and domestic gasoline prices... Full Story

Jack Lew: Oil Price Slump Won't Hurt the U.S.

By Matina Stevis JOHANNESBURG--Persistently low oil prices won't impact U.S. economic policy in any significant way, but they might force oil-reliant nations to become more cooperative, Treasury Secretary Jack Lew said Wednesday... Full Story

Pirates Target Oil Tankers in Asia Route as Attacks Climb

By Winnie Zhu Oct 29, 2014 Hijackings of small oil tankers by armed gangs are increasing in Southeast Asia, home to the shortest sea-trade route between the Middle East and China, even as pirate attacks globally fell for a third year... Full Story

Iran Oil Revenue Shrinks by 30% on Price Decline, Rouhani Says

By Anthony DiPaola and Golnar Motevalli Oct 29, 2014 Iranís revenue from crude sales, the OPEC member nationís most important export, dropped 30 percent because of the recent drop in global oil prices, according to President Hassan Rouhani... Full Story

Financial

Oil Prices Slip Against Stronger Dollar

By Nicole Friedman Oil prices ticked lower Thursday as the dollar strengthened and high supplies continued to hold prices near multiyear lows. Light, sweet oil for December delivery recently fell 71 cents, or 0.9%, to $81.49 a barrel on the New York Mercantile Exchange... Full Story

Natural Gas Holds Gains as Inventories Meet Expectations

By Christian Berthelsen and Nicole Friedman Natural gas prices held gains Thursday as weekly inventory data came in largely in line with estimates, and forecasts for cold weather prompted expectations for gas-fired heating demand. Natural gas for December delivery was up 2.8 cents, or 0... Full Story

Crude Falls on Federal Reserve Stimulus Halt, U.S. Supply

By Mark Shenk Oct 30, 2014 West Texas Intermediate oil fell after the Federal Reserve ended its asset-purchase program and U.S. crude production surged to the highest level since the 1980s. Brent declined in London. Futures slipped as much as 1.6 percent in New York... Full Story

Natural Gas Prices Rise, as Forecasts Begin to Show Colder Weather

By Christian Berthelsen Natural gas prices rose on Wednesday, as fresh weather forecasts showed an intensifying blast of cold weather in the coming days and a softening outlook for a warm front into mid-November, which could help drive demand for gas-fired heating... Full Story

WTI Gains as Supply Grows Less Than Expected; Brent Rises

By Moming Zhou Oct 29, 2014 West Texas Intermediate gained for a second day after an Energy Information Administration report showed growth in U.S. inventories slowed. Brent climbed. Stockpiles rose 2.06 million barrels in the seven days ended Oct... Full Story

Oil Prices Hold Gains on Inventory Data

By Nicole Friedman NEW YORK--Oil prices held onto early gains Wednesday as weekly U.S. inventory data showed larger-than-expected drawdowns from petroleum-product supplies... Full Story

Releases

Statoil to Invest $1.5 Billion in Gulf of Mexico Development

By Dominic Chopping Norwegian oil major Statoil ASA (STO) said Thursday that together with co-owners of the Stampede development in the Gulf of Mexico they have sanctioned the project. Statoil will invest $1.5 billion in the development, which is expected to begin production in 2018... Full Story

Royal Dutch Shell Posts Rise in Profit

By Justin Scheck and Ian Walker LONDON-- Royal Dutch Shell PLC on Thursday reported a 24% jump in third-quarter earnings, bucking falling oil prices and the recent sagging profits of its European peers. The Anglo-Dutch energy giant also named Charles O... Full Story

Petrobras Names Firms Aiding Corruption Investigation

By Will Connors RIO DE JANEIRO--Brazilian state-run oil company Petróleo Brasileiro SA named on Thursday two law firms aiding the company's internal corruption investigation, including Los Angeles firm Gibson, Dunn & Crutcher LLP... Full Story

Suncor's Profit Falls on Lower Oil Prices

By Judy McKinnon Suncor Energy Inc. reported a 46% drop in third-quarter earnings on Thursday, hurt in part by falling oil prices, though results still came in well ahead of analyst expectations... Full Story

Saudi Arabiaís Petro Rabigh Said to Seek $8 Billion Funding

By Arif Sharif Oct 30, 2014 A joint venture of Saudi Arabian Oil Co. and Sumitomo Chemical Co. (4005) is seeking about $8 billion of loans to fund expansion, two people familiar with the plan said. The financing for Saudi Arabiaís Rabigh Refining & Petrochemicals Co... Full Story

Eni Profit Beats Estimates as Low Taxes Offset Oil Price

By Alessandra Migliaccio and Chiara Vasarri Oct 30, 2014 Eni SpA (ENI) reported a profit increase that beat analyst estimates as a lower tax rate offset falling crude prices and the weaker performance of the biggest Italian oil companyís exploration and production business... Full Story

Weather

Shrinking Arctic Ice May Cause Colder Winters

Heating oil and natural gas suppliers should brace for higher demands from European customers experiencing unusually cold winters in years ahead --- an unexpected side effect of declining Arctic sea ice... Full Story

Hurricane Mapís Gulf of Mexico X Isnít as Bad as It Looks

By Brian K. Sullivan Oct 21, 2014 A potential tropical system in the Gulf of Mexico in August could raise eyebrows and send a ripple through energy markets. In October, itís a different story. Or at least, it should be... Full Story

Hurricane Gonzalo May Be Worst Bermuda Storm in 11 Years

By Brian K. Sullivan Oct 17, 2014 Gonzalo, classified as a major hurricane and bearing down on Bermuda with tree-snapping winds, is forecast to bring flooding and a life-threatening storm surge as itís projected to be the worst storm to hit the territory since Fabian in 2003... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 10-17-2014 Our prediction for week ending 10-24-2014
3393 3475
Weekly change
+94up +82upest

Commodity Prices ($)

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