Featured Articles

Sep 23, 2014

Forecast & Analysis

JPMorgan 'Positive' on US Refining -- Market Talk

JPMorgan is "positive" on the US refinery sector as it starts coverage amid a "challenged" global environment in the wake of "tepid demand and excess capacity... Full Story

Technology Could Make US Shale Boom Boomier -- Market Talk

New technologies could mean the shale boom will be even bigger than expected, says energy consultant Wood Mackenzie. It anticipates that by 2030, an additional 1.5-3... Full Story

Energy Subsidy Reform a Thorny Issue in Gulf -- Market Talk

[Dow Jones]--Energy subsidy reform remains a thorny issue in the Gulf region, says Jason Tuvey, Middle East economist at Capital Economics... Full Story

Another Downer for Oil as Supplies, Worries Mount -- Market Talk

Nymex oil futures fell again today in a continuation of a 3-month downdraft as the re-start of production at Libya's biggest oil field is poised to bring more barrels to a market which already has plenty... Full Story

Falling Oil May Be Worse for LatAm Than Gulf -- Market Talk

Capital Economics contends falling oil prices represents more risks for Latin America countries than those in the Persian Gulf because of debt levels. "Major oil producers in the Gulf stand to lose the most in absolute terms..... Full Story

Dresser-Rand Takeout Should Buoy Oilfield Stocks -- Market Talk

Siemens' (SIE.GR) $6.4B deal for Dresser-Rand (DRC) highlights the big prices industrials are paying for makers of oilfield equipment, says Tudor Pickering... Full Story

Top News Stories

Ukraine to Shift Artillery From Frontline as Truce Holds

By Volodymyr Verbyany and Daryna Krasnolutska Sep 23, 2014 Ukraine is preparing to withdraw artillery in the east as violations of a truce between the government and rebels failed to halt momentum toward a settlement of the country’s worst conflict since World War II... Full Story

OPEC Yet to Decide on Supply Cuts as Crude Prices Extend Retreat

By Maher Chmaytelli Sep 23, 2014 - OPEC has yet to decide to cut its production target, the United Arab Emirates’ energy minister said, as crude prices extend a slide since June amid a boom in U.S. shale oil and signs of slower demand growth in China... Full Story

Six Energy Firms to Sign U.N.-Brokered Pact to Cut Methane Emissions, Officials Say

By William Mauldin, Amy Harder and Erin Ailworth NEW YORK--Six international energy companies have agreed to work to reduce emissions of methane, a potent greenhouse gas, in partnership with more than a dozen national governments through a new United Nations framework, according to executives... Full Story

Russian Gas Supplies to Central Europe Still Falling

By Nicole Lundeen and Sean Carney VIENNA--Some Central European countries continued to report declines in Russian gas deliveries on Monday as tensions between Ukraine and Russia persist in the run-up to winter... Full Story

Khodorkovsky Redux Concern Falling Short in Russia Market

By Halia Pavliva and Elena Popina Sep 22, 2014 Last week’s detention of Russian billionaire Vladimir Evtushenkov immediately sparked comparisons to the 2003 arrest of Mikhail Khodorkovsky that led to the dismantling of the oil company he founded... Full Story

Western Oil Companies to Continue in Russia Despite Sanctions

By Andrei Ostroukh And Alexander Kolyandr SOCHI, Russia--Western oil companies have pledged their readiness to continue working in Russia despite Western sanctions, which have already put a brand new project into question... Full Story

Financial

Natural Gas Edges Higher on Warm Weather Outlook

By Nicole Friedman NEW YORK--Natural-gas prices rose Tuesday, as weather forecasts continued to call for above-average temperatures in the next two weeks, which could increase demand for natural gas to power air-conditioning units... Full Story

Crude Oil Prices Waver on Positive China Data, High Supplies

By Nicole Friedman And Cassie Werber NEW YORK--Oil prices held near multi-month lows Tuesday as traders weighed slightly more positive Chinese manufacturing data and an escalation of the conflict in the Middle East against ample global supplies... Full Story

WTI Rises as U.S. and Arab Allies Strike Islamic State

By Moming Zhou Sep 23, 2014 West Texas Intermediate crude advanced after the U.S. and its Arab allies launched a series of airstrikes against Islamic State positions in Syria. The November contract climbed as much as 1.1 percent... Full Story

Natural-Gas Futures Gain on Forecasts for Warmer Weather

By Christian Berthelsen NEW YORK--Natural-gas futures ticked higher Monday as the market took stock of predictions of warm weather for much of the country in the coming weeks and whether that might prompt demand for gas-powered air conditioning. Natural gas for October delivery rose 1... Full Story

Oil Slips as Libyan Production Returns

By Christian Berthelsen Oil prices fell Monday after Libya restarted production at its largest oil field, bringing more barrels to a market already brimming with crude and adding to concerns about weak economic growth and demand... Full Story

Brent Declines on Concern China Growth Slowing; WTI Drops

By Moming Zhou Sep 22, 2014 Brent crude declined for the third time in four days on concern slower growth in China will reduce demand. West Texas Intermediate narrowed its discount to Brent... Full Story

Releases

Total Sells Shale Gas Asset in US to Two Korean Companies

By Inti Landauro PARIS--French oil major Total SA (TOT) Tuesday said it signed an agreement to sell the 25% stake it holds in a shale gas project in Ohio, U.S... Full Story

GE's Compression Technology Supporting Total S.A. to Expand and Enhance Its Antwerp Refinery

GE's Compression Technology Supporting Total S.A... Full Story

Press Release: $8-billion green energy initiative proposed for Los Angeles

$8-billion green energy initiative proposed for Los Angeles - First initiative of its kind in U.S. - Project would link one of nation's largest wind farms to one of world's biggest energy storage facilities - Media teleconference today - 1 p.m. Eastern Time (10 a.m... Full Story

Royal Dutch Shell plc: Buyback of Own Shares

LONDON, September 22, 2014 /PRNewswire/ -- Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) announces that on 22 September, 2014 it purchased for cancellation 465,580 "A" Shares at a price of 2398.53 pence per share... Full Story

Transocean Ltd. Provides Fleet Update Summary

ZUG, SWITZERLAND-September 22, 2014-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthly Fleet Update Summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since August 21, 2014... Full Story

Canadian Pipeline Operator to Buy Western U.S. Natural Gas Pipe for $1.43 Billion

By Chester Dawson CALGARY, Alberta--Canadian pipeline operator Veresen Inc. said Monday that it has reached a $1.43 billion agreement with New York-based private equity investor Global Infrastructure Partners for that company's 50% stake in a Western U.S. natural gas pipeline... Full Story

Weather

August Was World’s Warmest on Record for Month, NOAA Says

By Brian K. Sullivan Sep 18, 2014 August was the warmest on record for the Earth, the National Oceanic and Atmospheric Administration said. The combined land and sea temperature was 1.35 degrees Fahrenheit above the 20th century average for the month of 60... Full Story

Ready for Winter? The Search for Snow Has Begun in U.S.

By Brian K. Sullivan Sep 18, 2014 The winter desk at the U.S. Weather Prediction Center is open for business. Operations at the College Park, Maryland, center began on the overnight shift Sept. 14, a week before the official end of summer, according to a post on the agency’s Facebook page... Full Story

Hurricane Odile Weakens After Pounding Los Cabos Resorts

By Brian K. Sullivan and Lars Paulsson Sep 15, 2014 Hurricane Odile, the strongest to hit Baja California Sur in decades, weakened slightly as it battered the Mexican peninsula with high winds and rain. Odile went ashore near the resort city of Cabo San Lucas at about 10:45 p.m... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 9-12-2014 Our prediction for week ending 9-19-2014
2891 2980
Weekly change
+90up +89upest

Commodity Prices ($)

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