Featured Articles

Apr 16, 2014

Forecast & Analysis

Radioactive Waste Is North Dakota's New Shale Problem

By Chester Dawson At a deserted gas station in a remote North Dakotan town, local officials recently found the latest example of the shale-oil boom's unintended consequences: hundreds of garbage bags filled with mildly radioactive waste... Full Story

Eni Transition Ends Scaroni's 9-Year Reign

By Justin Scheck and Liam Moloney By proposing to remove the chief executive of Italian oil giant Eni SpA, Italian Prime Minister Matteo Renzi is pushing aside one of Italy's most resilient and politically connected businessmen. Mr... Full Story

Analysts Forecast 1.5 Million Barrel Rise in Crude Stocks

By Nicole Friedman NEW YORK--U.S. crude-oil stocks are expected to increase in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates from 13 analysts showed that U.S. oil inventories are projected to have risen by 1... Full Story

Challenges Await Eni's New Boss -- Heard on the Street

By Helen Thomas It is an odd system that allows the government to overhaul top management of state-controlled companies every three years... Full Story

New Eni CEO Has Strong Exploration Record, Says RBC -- Market Talk

[Dow Jones]--RBC Capital Markets praises the Italian government's decision to appoint Claudio Descalzi, a strong internal candidate, as Eni's (E) new CEO in place of Paolo Scaroni. Notes Mr. Descalzi is well known and well regarded by analysts and investors... Full Story

Coal Returns to German Utilities Replacing Lost Nuclear

By Tino Andresen Apr 15, 2014 Whatís a beleaguered utility to do when forced by the government to close its profitable nuclear power plants? It turns to lignite, a cheap, soft, muddy-brown colored form of sedimentary rock that spews more greenhouse gases than any other fossil fuel... Full Story

Top News Stories

Tanker Docks to Collect First East Libyan Crude in Months

By Nayla Razzouk and Saleh Sarrar Apr 15, 2014 An oil tanker docked at a port in eastern Libya as the region prepares to export crude for the first time since July after civil unrest decimated the North African countryís production and shipments... Full Story

Gunmen Kidnap Jordan Envoy To Libya

TRIPOLI (AFP)--Masked gunmen kidnapped Jordan's ambassador as he traveled to work in the Libyan capital on Tuesday, shooting at his car and wounding his driver, the Tripoli and Amman governments said... Full Story

Fragile Europe Weakens U.S. Push for Russia Sanctions

By Sangwon Yoon Apr 15, 2014 The U.S. readiness to impose new economic sanctions on Russia over Ukraine is offset by the European Unionís reluctance to introduce stronger measures that could threaten its already fragile economic recovery... Full Story

Iran to Maintain Daily Oil Sales at 1 Million Barrels Into July

By Anthony DiPaola and Ladane Nasseri Apr 14, 2014 Iran anticipates maintaining crude exports at about 1 million barrels a day until at least July when a deal with global powers over its nuclear program will be renewed or expire, the nationís deputy oil minister said... Full Story

Renewables, Nuclear Must Triple to Save Climate, UN Says

By Alex Morales and Stefan Nicola Apr 14, 2014 The world needs to triple the energy it gets from renewables, nuclear reactors and power plants that use emissions-capture technology to avoid dangerous levels of global warming, United Nations scientists said... Full Story

EU Weighs Tougher Russian Sanctions Amid Ukraine Unrest

By James G. Neuger and Volodymyr Verbyany Apr 14, 2014 European officials weighed expanding sanctions against Russia over Ukraine, where they say the government in Moscow is stoking deadly separatist unrest with the same methods it used to destabilize and annex Crimea... Full Story

Financial

Natural Gas Rises on Hopes for Early Spring Heating Demand

By Christian Berthelsen Natural-gas futures ended higher Tuesday as weather forecasts for colder-than-normal temperatures spurred hopes that the fuel would be needed to heat homes in much of the eastern U.S. through the end of the month. Natural gas for May delivery rose as much as 1... Full Story

Gasoline Futures Hit 7 1/2-Month High on Supply Concerns

By Nicole Friedman NEW YORK--Gasoline futures rose Tuesday to their highest level since August on expectations that U.S. inventories would continue to shrink ahead of the summer-driving season. Front-month May reformulated gasoline blendstock, or RBOB, settled up 0.37 cent, or 0... Full Story

Natural-Gas Prices Climb on Return of Cool Weather

By Christian Berthelsen Natural-gas prices rose on Tuesday, as newly revised weather forecasts showed a snap of colder-than-normal temperatures over much of the eastern seaboard for mid- to late-April. Natural gas for May delivery rose 5.3 cents, or 1.2%, to $4... Full Story

Crude Prices Fall as China, Ukraine Weigh on Market

By Christian Berthelsen Crude-oil prices fell Tuesday on concerns that Chinese energy demand could wane following recent data and as diplomatic talks about Ukraine eased worries about possible supply disruptions. Light, sweet crude for May delivery was down 12 cents, or 0.1%, to $103... Full Story

Natural-Gas Futures Slide as Producers Rebuild Inventories

By Christian Berthelsen NEW YORK--Natural-gas futures fell 1.3% Monday, giving back some of last week's gains as data suggested producers have begun restoring stockpiles that fell to an 11-year low last winter. Natural gas for May delivery fell 6 cents to $4... Full Story

Crude Benchmarks Rise with Tensions in Libya, Ukraine

By Christian Berthelsen Oil prices rose Monday as geopolitical risk dominated the market, with new worries over stability in Ukraine and Libya. Light, sweet crude for May delivery on the New York Mercantile Exchange rose 31 cents, or 0.3%, to $104... Full Story

Releases

Sinopec Pays $1.2 Billion for Lukoil Stake in Kazakh Assets

By Aibing Guo and Elena Mazneva Apr 15, 2014 China Petroleum & Chemical Corp. (386), Asiaís biggest refiner, agreed to pay Russiaís OAO Lukoil about $1.2 billion to take control of assets in Kazakhstan... Full Story

Encana Seeks to Tap Oil Royalties Demand in IPO by June

By Rebecca Penty Apr 15, 2014 Encana Corp. (ECA), Canadaís largest natural gas producer, will sell shares of a royalty unit in Alberta as early as next month as it seeks to profit from investor demand for returns based on production. About 5.2 million acres (2... Full Story

Calpers, Pension Fund Oppose Re-election of Four Duke Board Members

By Tess Stynes The California Public Employees' Retirement System and the New York City Pension Funds are urging Duke Energy Corp. (DUK) shareholders to vote against the re-election of four board members... Full Story

Glencore Xstrata Buys Caracal

By Alexis Flynn LONDON-- Glencore Xstrata PLC snapped up African-focused oil producer Caracal Energy Inc. on Monday for $1... Full Story

France's Total Drops Shale Gas Exploration In Poland -- Ministry

WARSAW (AFP)--French oil giant Total has abandoned efforts to explore for shale gas in Poland, the country's environment ministry said Monday, amid controversy over the energy source in Europe... Full Story

Enbridge Fails to Win Local Support for Northern Gateway

By Jeremy van Loon Apr 14, 2014 Enbridge Inc. (ENB) failed to win support from local residents in Kitimat, Canada for its Northern Gateway pipeline, which the company has proposed to link the oil sands to Asian markets... Full Story

Weather

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

Snowstorm From Midwest Sweeps Into East With Cold

By Brian K. Sullivan Apr 15, 2014 Temperatures in Washington and New York are forecast to drop as much as 38 degrees today as a cold front that brought snow to Chicago yesterday sweeps eastward with gusty winds grounding flights... Full Story

El Nino Signs Detected, Presaging Global Weather Change

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 4-10-2014 Our prediction for week ending 4-11-2014
826 865
Weekly change
+4up +39upest

Commodity Prices ($)

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