Featured Articles

Sep 01, 2015

Forecast & Analysis

Big Oil: Yes, They're Still Worth Buying -- Barron's Blog

By Ben Levisohn Citigroup's Alastair Syme and team defend their bullish take on big-oil stocks like Total ( TOT), ConocoPhillips ( COP) and Statoil ( STO): Our 18 August upgrade of Global Big Oil comes after a multi-year period where we have been relatively cautious on the group... Full Story

Crude Oil Prices to Remain Volatile Until Year-End -- Market Talk

Crude oil prices are likely to remain volatile until the end of the year due to the economic situation in China and the uncertainties about the return of Iranian crude to the market, a Gulf OPEC delegate says... Full Story

Saudi Needs Non-OPEC Cooperation to Change Oil Supply Stance -- Market Talk

Having achieved a reduction in the supply of oil from the U.S., Saudi Arabia now needs a meaningful reduction some non-OPEC producers, mainly Russia, in order to consider an easing of its stance of no cut to production, says Petromatrix... Full Story

Don't Confuse China's Slowing Economy With Its Plunging Stock Market -- Heard on the Street

By Alex Frangos China's stock market didn't go up because the economy was improving. So investors shouldn't read too much into the market's collapse for clues on the economic slowdown either. China's economy is indeed struggling... Full Story

Energy Junk Starts Looking Better After Burning Up $42 Billion

By Lisa Abramowicz September 1, 2015 Wall Street analysts are starting to see value in an unlikely corner: junk debt of energy companies, which just had its worst monthly performance since the 2008 financial crisis. But that’s also causing concern about the rest of the $1.3 trillion U.S... Full Story

How Long Can a Sentiment-Fueled Oil Rally Last? Goldman Sachs and Citi Debate

By Luke Kawa September 1, 2015 After West Texas Intermediate posted its best three-day gain in a quarter-century, analysts are divided over the durability of the rally in the commodity price and related equities... Full Story

Top News Stories

Huge Purchases By Chinese Oil Trader Raise Prices, Confusion

By Eric Yep SINGAPORE--A Chinese oil trading company bought record volumes of oil on a regional cash market for Middle Eastern crude last month, pushing up benchmark prices and causing confusion about the company's motives among crude buyers and sellers in Asia... Full Story

Market Turmoil Forces Shift in Russian Budget Planning for 2016

By Anna Andrianova and Olga Tanas September 1, 2015 Turbulence on energy and financial markets is forcing Russia to shorten its budget-planning horizon to one year in 2016, according to Finance Minister Anton Siluanov... Full Story

Canada Stocks Slide as Global Equities Tumble on Economy Concern

By Eric Lam September 1, 2015 Canadian equities tumbled, after the worst month in nearly a year, as the economic malaise that has gripped stock markets around the world continued into September... Full Story

OPEC Ready to Talk to Other Producers to Get `Fair' Price

By Maher Chmaytelli August 31, 2015 OPEC, the producer of 40 percent of the world’s oil, renewed its readiness to talk to other crude exporters to achieve “fair and reasonable prices,” according to the group’s monthly magazine. Oil jumped to the highest in a month on the report... Full Story

Alberta Sees Bigger Deficit as Oil Price Crash Saps Economy

By Jeremy Van Loon August 31, 2015 Alberta expects its biggest-ever deficit this fiscal year as slumping oil prices send the western Canadian province into a recession and spending on wildfire and drought relief rises... Full Story

Brazil And Mexico Vie for Cash From Oil Explorers in Price Rout

By Sabrina Valle and Adam Williams August 31, 2015 Brazil and Mexico are preparing to compete for investments from some of the same oil majors when they hold auctions that are only a week apart at a time the price rout is prompting spending cuts... Full Story

Financial

Natural Gas Rises on Hotter Forecast

By Nicole Friedman NEW YORK--Natural gas prices rose Tuesday as forecasts for the next two weeks turned hotter, boosting demand expectations. Summer heat increases demand for air conditioning, leading to higher consumption of gas-powered electricity... Full Story

Oil Prices Drop on China Worries

By Ese Erheriene And Nicole Friedman Oil prices retreated Tuesday, giving up some of the strong gains from the last three sessions, as worries about China's economy resurfaced. Light, sweet crude for October delivery fell $2.10, or 4.3%, to $47.10 a barrel on the New York Mercantile Exchange... Full Story

Oil Prices Soar Amid Lower U.S. Output Estimates, OPEC Article

By Nicole Friedman Oil prices soared Monday, marking their strongest three-day rally since Iraq's 1990 invasion of Kuwait, on doubts that the global glut of crude would be as long-lasting as many investors and traders had earlier believed... Full Story

Natural Gas Prices Decline on Expected Demand Drop

By Nicole Friedman NEW YORK--Natural gas prices slid Monday, notching a second straight monthly loss, as traders looked past the current hot weather to an expected drop in demand in the fall. Futures for October delivery settled down 2.6 cents, or 1%, at $2... Full Story

Oil Prices Rally Amid Lower U.S. Output Estimates, OPEC Article

By Nicole Friedman Oil prices turned higher Monday as traders digested a downward revision in U.S. oil-production data, an article released by the Organization of the Petroleum Exporting Countries and a drop in Canadian output. Light, sweet crude for October delivery rose $2, or 4.4%, to $47... Full Story

Natural Gas Prices Decline on Expected Demand Drop

By Nicole Friedman NEW YORK--Natural gas prices slid Monday as traders looked past current hot weather to an expected drop in demand in the fall. Futures for October delivery recently fell 5.8 cents, or 2.1%, to $2... Full Story

Releases

Total SA Sells Retail Assets in Turkey for EUR325 Million

By William Horobin PARIS--French oil company Total SA (TOT) said Tuesday it is selling its Turkish retail network assets to Demiroren for 325 million euros ($499 million)... Full Story

Wildcatter McClendon Strikes Mexico Drilling Pact -- Market Talk

American Energy Partners, the oil and gas company led by Aubrey McClendon, said it has reached an agreement with private-equity firm EIM Capital to drill in Mexico. McClendon is the former chief executive of Chesapeake Energy (CHK)... Full Story

Petrobras Earnings Slashed As Currency Deteriorates -- Barron's Blog

By Dimitra DeFotis UBS chopped its outlook for Petroleo Brasileiro ( PBR) earnings to account for the depreciation in Brazil's currency, the real. The stock is down 5.6% as oil prices retreat, while the iShares MSCI Brazil Capped ETF ( EWZ) is down 3.6%... Full Story

Eni's Gas Discovery to Help Egypt Stop Gas Imports -- Market Talk

Eni's historic gas discovery off the Egyptian coast would help Egypt halt its gas imports in five years, a spokesperson for the oil ministry says... Full Story

Penn West Scraps Dividend, to Fire 400 Workers as Oil Slides

By David Marino and Jeremy Van Loon September 1, 2015 Penn West Petroleum Ltd., a Calgary-based oil producer, will suspend its dividend, fire 35 percent of the workforce and look to sell more assets after crashing oil prices sent shares tumbling by 88 percent in the past year... Full Story

Canada Hot Stocks: Oil Producers

Among the companies whose shares are making notable moves in Monday's session are Canadian Oil Sands Ltd. (COS.T), Encana Corp. (ECA), Canadian Natural Resources Ltd. (CNQ) and Crescent Point Energy Corp. (CPG)... Full Story

Weather

This year's El Nino weather pattern could be strongest on record: experts

GENEVA (Reuters) - The current El Nino weather phenomenon is expected peak between October and January and could turn into one of the strongest on record, experts from the World Meteorological Organization said at a news conference on Tuesday... Full Story

This year's El Nino weather pattern could be strongest on record: experts

GENEVA (Reuters) - The current El Nino weather phenomenon is expected peak between October and January and could turn into one of the strongest on record, experts from the World Meteorological Organization said at a news conference on Tuesday... Full Story

Puerto Rico braces for Erika after 4 killed in Dominica

SAN JUAN, Puerto Rico (AP) — Tropical Storm Erika lashed Puerto Rico early Friday with heavy rains and wind after killing four people and causing devastating floods in the eastern Caribbean island of Dominica, where several people remained missing... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 8-27-2015 Our prediction for week ending 8-28-2015
3099 3189
Weekly change
+69up +90upest

Commodity Prices ($)

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