Featured Articles

Mar 26, 2015

Forecast & Analysis

Oil Rallies on Saudi Airstrikes; Oil ETFs Gush -- Barron's Blog

By Johanna Bennett With Saudi airstrikes in Yemen stoking fears for the oil-rich region, crude prices are getting a huge boost today and dragging beaten down oil-focused exchange-traded funds along for the ride. The U.S... Full Story

Loews Increases Majority Stake in Diamond Offshore -- Market Talk

The oil sector looks bleak but offshore drilling is in particularly rough waters due to oversupply problems pre-dating falling oil prices... Full Story

Yemen's Importance to the World Oil Market Isn't Its Oil -- Market Talk

[Dow Jones]--Yemen is important to the world's oil market, but not because it's a big oil producer. It's because most oil tankers headed from the Middle East to European and American markets must pass Yemen's west coast through a strait known as the Bab-el-Mandab... Full Story

BOE Warns Risks to Financial Stability Elevated

By Jason Douglas LONDON--The Bank of England said Thursday that risks to the stability of the U.K. financial system remain elevated, citing threats ranging from Greece's debt troubles to diverging central-bank policies... Full Story

Why Bombing This Tiny Oil Producer Is Roiling the Energy Market

by Sharon Cho and Ben Sharples (Bloomberg) -- While Yemen contributes less than 0.2 percent of global oil output, its location puts it near the center of world energy trade... Full Story

Tudor Says Energy Cycle in a 'Bottoming Process' -- Market Talk

In explaining lots of sideways, apathetic trading in the energy sector in recent days, Tudor Pickering says: "we're in the bottoming process of the energy cycle... and it always feels yucky at times like right now... Full Story

Top News Stories

Oil Companies Reap Large Gains After Cashing In Hedging Bets

By Nicole Friedman And Erin Ailworth Rocked by months of plunging crude prices, oil producers are harvesting financial bets to raise, for some, much-needed cash... Full Story

Pakistan Weighs Saudi Request to Take Part in Yemen Operation

By Saeed Shah and Qasim Nauman ISLAMABAD--Pakistan said Thursday it was considering a request from ally Saudi Arabia to participate in the Saudi-led military operation against Houthi rebels in Yemen According to a report from the official Saudi news agency, SPA, Pakistan is among the Muslim... Full Story

Two Aides to Yemeni President Hadi Say He Has Arrived in Oman

By Hakim Almasmari in San'a and Asa Fitch in Dubai SAN'A, Yemen--Yemeni President Abed Rabbo Mansour Hadi has fled to neighboring Oman under pressure from the Houthi militants who took over the capital last month, two officials close to him said Thursday. They said Mr... Full Story

Wall Street Titans Are Winning on European Banks' Home Turf

By David Wighton European investment banks are being pushed back on almost all fronts in Europe by their Wall Street rivals, and that is before the recent bugle call signaling a further retreat... Full Story

Analysts React to Oil's Surge on Yemen News

By Georgi Kantchev The sudden escalation of the conflict in Yemen caught oil markets by surprise. The benchmark Brent contract surged as much as 5% on Thursday morning. Here's what analysts are saying: It's more about Saudi Arabia than Yemen, says Bjarne Schieldrop of SEB Markets... Full Story

Jonathan Exit Seen as Spark Needed to Ignite Nigeria Markets

by Paul Wallace, Neo Khanyile and Emele Onu (Bloomberg) -- President Goodluck Jonathan left the floor of the Nigerian Stock Exchange after a visit two weeks ago to traders singing “For He’s a Jolly Good Fellow”. Some investors would prefer that he keeps walking... Full Story


Oil Rallies After Saudi Campaign Escalates Crisis in Yemen

By Timothy Puko Oil prices vaulted to their biggest gains in more than a month after Saudi Arabia and its allies launched a military campaign in neighboring Yemen, adding to concerns about the security of crude supplies in a region already fraught with tensions. The U.S... Full Story

Natural Gas Prices Retreat After Larger-than-Expected Addition to Stockpiles

By Timothy Puko Natural gas slipped to its lowest closing price in almost seven weeks after stockpiles grew for the first time this year and beyond market expectations. Natural gas for April delivery settled down 5.1 cents, or 1.9%, at $2... Full Story

Nymex Crude Settles Up $2.22, or 4.5%, at $51.43/Bbl

Nymex Crude Sets Fresh Two-Week High on Yemen... Full Story

Natural Gas Prices Retreat After Larger-than-Expected Addition to Stockpiles

By Timothy Puko Natural gas slipped after stockpiles grew for the first time this year, about two weeks earlier than usual. The U.S. Energy Information Administration said storage levels grew by 12 billion cubic feet in the week ended March 20... Full Story

Natural Gas Prices Retreat on Warmer Forecasts, Growing Stockpiles

By Timothy Puko Natural gas retreated Wednesday as expectations grew for the year's first addition to stockpiles and warmer forecasts suggested falling demand. Natural gas for April delivery settled down 6.3 cents, or 2.3%, at $2... Full Story

Nymex Crude Settles Up $1.70, or 3.6%, at $49.21/Bbl

Nymex Crude Ends at Two-Week High as Dollar Pushes... Full Story


Former Petrobras CEO 'Ashamed' Of Allegations Against Company

By Luciana Magalhaes SÃO PAULO--The former chief executive of Brazil's beleaguered state-run oil firm Petroleo Brasileiro SA said Thursday she is "ashamed" of allegations of bribery at a Petrobras project--but denied the company knew anything about what Federal Police allege was a widespread... Full Story

Mexico's Pemex Lands Pipeline Deal With BlackRock, First Reserve

By Laurence Iliff MEXICO CITY--National oil company Petróleos Mexicanos has landed its first major investment since an energy overhaul opened the sector to private players last year, with U.S.-based BlackRock Inc. and First Reserve Corp... Full Story

Oil Producers Sound Retreat From China

By Brian Spegele BEIJING--Global oil companies are unwinding some big bets they made on China--and that is bad news for the Chinese companies, which need their know-how. Falling oil prices have forced oil bosses to slash planned investments that now look less likely to provide good returns... Full Story

Amec CEO Sees Renewable Energy Sales Making Up for Oil Crash

by Firat Kayakiran (Bloomberg) -- Amec Foster Wheeler Plc sees rising revenue from its power business making up for declines in oil operations this year after crude prices crashed, said Samir Brikho, chief executive officer of the energy-service provider and engineer... Full Story

BlackRock, First Reserve Buy Stake in Mexican Pipelines

by Mary Childs (Bloomberg) -- BlackRock Inc., the world’s biggest money manager, and First Reserve Corp. are buying a stake in two natural gas pipelines owned by state oil company Petroleos Mexicanos... Full Story

Shell's Job Cuts Another Sign of Pain in Oil Sector -- Market Talk

[Dow Jones]--Royal Dutch Shell's announcement of 250 job cuts are another sign that big oil companies are struggling to deal with crude prices that have halved in the past nine months. In addition to Shell's cuts, oilfield-services giant Schlumberger Ltd has said it would cut 9,000 positions... Full Story


An $8 Billion Push to Cool the Globe Has Poor Countries Steaming

by Alex Nussbaum (Bloomberg) -- A quarter-century after the world banned the chemical compounds blamed for chewing a hole in the ozone layer, the solution to that problem has been tagged as a main instigator of global warming... Full Story

Arctic Melt Brings More Persistent Heat Waves to U.S., Europe

(Bloomberg) -- The U.S., Europe and Russia face longer heat waves because summer winds that used to bring in cool ocean air have been weakened by climate change, German researchers said... Full Story

EIA report for week ending 3-13-2015 Our prediction for week ending 3-20-2015
1467 1490
Weekly change
-45 down +23upest

Commodity Prices ($)

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