Featured Articles

Jul 31, 2015

Forecast & Analysis

Exxon Mobil, Chevron Put Squeeze on Buybacks -- Ahead of the Tape

By Spencer Jakab It is easy to forget that rivals Exxon Mobil Corp. and Chevron Corp. share a founder. It is safe to say John D. Rockefeller might scratch his head about big oil's strategy today. He didn't get to be the richest man in the world by buying high and selling low, after all... Full Story

Refiners Herald the Return of King Gasoline in the U.S.

by Dan Murtaugh July 30, 2015 After years of trying to reduce gasoline production in favor of diesel, U.S. refiners are once again relying on America’s favorite motor fuel to drive profits. Gasoline is the best-performing member of the Bloomberg Commodity Index this year... Full Story

Signs of More Balanced Oil Market in 2016

[Dow Jones]--Despite current uncertainties, a more balanced oil market in 2016 may provide much desired stability in the longer-term, a prerequisite for the continuity of timely and adequate investment, OPEC says... Full Story

Signs of More Balanced Oil Market in 2016 -- Market Talk

[Dow Jones]--Despite current uncertainties, a more balanced oil market in 2016 may provide much desired stability in the longer-term, a prerequisite for the continuity of timely and adequate investment, OPEC says... Full Story

BNP Cuts Oil Prices Assumption on Record Oversupply -- Market Talk

[Dow Jones] Brent prices have fallen 20% from their year-high in mid-May as increased OPEC production has overwhelmed rising demand, leading to record oversupply of 3.3 million barrels/day in 2Q2015... Full Story

Kinder Morgan Deemed 'Attractive' at 5.5% Yield -- Barron's Blog

By Amey Stone Kinder Morgan ( KMI) shares have taken a beating since reporting second quarter earnings July 15. But those declines have more to do with the pounding of the energy (and master limited partnership) sector than operational worries at the company... Full Story

Top News Stories

Norwegian Government Faces Fluctuating Dividend Following Statoil's Dollar Decision

By Kjetil Malkenes Hovland OSLO-- Statoil ASA, the Norwegian oil company, has justified its decision to report quarterly earnings in dollars instead of local kroner from next year by the need to make its results more predictable in an industry dominated by dollar transactions... Full Story

Global Markets Waver as Investors Eye Earnings

By Josie Cox And Corrie Driebusch Global stock markets were steady Thursday as investors focused on the latest batch of corporate earnings and digested a first reading for second-quarter U.S. gross domestic product. European stocks rose slightly in recent trading, while U.S... Full Story

Need a License for That Job? The White House Warns States Against Overdoing It

By Nick Timiraos Economic policy makers at the White House spent much of the last six years putting out fires sparked by the financial crisis and recession... Full Story

Commodities Set for Worst Month Since 2011 Amid Oversupply

by Ben Sharples and Sharon Cho July 29, 2015 Commodities are set for the biggest monthly loss since 2011 amid a price collapse that drove oil into a bear market and pushed gold to a five-year low. The Bloomberg Commodity Index is down 9... Full Story

Anadarko and Hess Cross Swords With Saudi Arabia

By Liam Denning From Saudi Arabia's perspective, American oil companies must be starting to look like the delusional Black Knight from Monty Python and the Holy Grail... Full Story

Boehner Joins Chorus Calling for End of U.S. Oil Export Limits

by Jim Snyder July 29, 2015 House Speaker John Boehner endorsed ending a ban on most U.S. oil exports, giving his support to the lobbying by energy producers to end limits imposed four decades ago... Full Story

Financial

Natural Gas Extends Losses After Inventory Report

By Nicole Friedman NEW YORK--Natural-gas prices extended losses Thursday as traders looked ahead to expected lower demand. Futures for September delivery settled down 9.6 cents, or 3.4%, to $2.768 a million British thermal units on the New York Mercantile Exchange... Full Story

Oil Prices Fall on Stronger Dollar

By Georgi Kantchev And Nicole Friedman NEW YORK--Oil prices slipped Thursday, erasing early gains as the dollar strengthened. Prices have dropped sharply in July as persistently high U.S... Full Story

Natural Gas Extends Losses After Inventory Report

By Nicole Friedman NEW YORK--Natural-gas prices extended losses Thursday despite bullish inventory data as traders looked ahead to expected lower demand in the fall. Futures for September delivery recently fell 7.7 cents, or 2.7%, to $2... Full Story

Crude Oil Rises on Unexpected U.S. Stockpile Decline

By Georgi Kantchev And Nicole Friedman LONDON--Oil prices traded near flat Thursday after weekly U.S. inventory data showed surprise drops in crude-oil supplies and production. Prices have dropped sharply in July as persistently high U.S... Full Story

Crude Oil Rises on Unexpected Declines in Supplies, Production

By Nicole Friedman NEW YORK--Oil prices rose Wednesday on unexpected declines in U.S. crude-oil supplies and production. Prices have slumped this month on renewed fears that the global glut of crude oil could last longer than investors initially expected. This comes as production in the U.S... Full Story

Natural Gas Gains as Cooling Front Fades

By Nicole Friedman Natural-gas futures rose Wednesday on expectations that hot weather would keep demand for gas-powered electricity high to power air conditioners. Natural-gas futures for August delivery settled up 6.5 cents, or 2.3%, to $2... Full Story

Releases

Will Refining Rescue Exxon's Profits? --- Earnings Preview

By Daniel Gilbert Exxon Mobil Corp. is scheduled to report earnings for the second quarter on Friday. Here's what you should know: EARNINGS FORECAST: Net income of $1.12 a share is the consensus of analysts surveyed by Thomson Reuters, compared with $2.05 a share in the prior-year period... Full Story

Chevron's Cash Flow Deficit -- Earnings Preview

By Daniel Gilbert Chevron Corp. is scheduled to report earnings for the second quarter Friday morning. Here is what you should know: EARNINGS FORECAST: Net income of $1.16 per share is the consensus of analysts surveyed by Tho mson Reuters, compared with $2.98 in the prior-year period... Full Story

Valero Refinery's Operations Disrupted by Power Outage

By Dan Molinski Valero Energy Corp.'s (VLO) Three Rivers refinery in Texas said it suffered a power outage early Thursday that disrupted operations and resulted in the flaring of gas... Full Story

Anadarko Doing Too Well to Sell Itself, Analyst Says -- Market Talk

Anadarko Petroleum (APC) is doing too well to want to sell itself despite the downturn in oil prices, says Paul Sankey of Wolfe Research... Full Story

Marathon CEO Defends MarkWest Deal -- Market Talk

Will Marathon Petroleum's master limited partnership have to sweeten its deal to buy MarkWest Energy Partners (MWE)? Since the $15.8B deal was announced earlier this month, MPLX has dropped by about 18%, while MWE has surged about 9%. And at $65... Full Story

ConocoPhillips' US Operations Losing Money -- Market Talk

ConocoPhillips (COP) lost $698M in the continental US, excluding Alaska, through 1H as it reported $179M of red ink for 2Q. It's almost as much as the oil company's profit from the Asia-Pacific and Middle East regions... Full Story

Weather

Worldwide strengthening El Nino giveth and taketh away

WASHINGTON (AP) — In California, they're counting on it to end an historic drought; in Peru, they've already declared a pre-emptive emergency to prepare for devastating flooding. It's both an economic stimulus and a recession-maker... Full Story

MDA Weather Services Predicts Strong El Niño to Last into 2016

Gaithersburg, MD – (July 21, 2015) The tropical Pacific began its warming trend nearly a year ago, with warming trends accelerating over the past several months... Full Story

Monster El Niño Makes Record-Hot Year Look Inevitable

Bloomberg By Tom Randall This is a new kind of heat. In more than 135 years of global temperature data, four of the five hottest months on record all happened in 2015: February, March, May, and now June... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 7-17-2015 Our prediction for week ending 7-24-2015
2828 2778
Weekly change
+61up +50upest

Commodity Prices ($)

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