Featured Articles

Apr 23, 2014

Forecast & Analysis

US Oil Supplies Hit Record Highs; Futures Drop -- Market Talk

Nymex oil futures slide to 2-week lows as the EIA says domestic inventories hit a record high last week, climbing 3.5M barrels to 397.7M in topping the old standard set last year... Full Story

Analysts Forecast 2.4 Million-Barrel Rise in Crude Stocks

By Nicole Friedman NEW YORK--U.S. crude-oil stocks are expected to rise in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates from 12 analysts surveyed showed that U.S... Full Story

US Oil Production Could Hit All-Time High in 2 Years -- Market Talk

US oil production will exceed its all-time peak by 2016, says Simmons & Co. in a new report... Full Story

Smallcaps: Passing the Leadership Torch to the Big Guys -- Barron's Blog

By Brendan Conway If investors truly are growing more risk averse during 2014, then there's a strong chance small stocks will give up their role as a leader in a rising market. The biggest stocks, which are sometimes viewed as harbors in a storm, may end up taking their place... Full Story

Bets on Rising Crude Price at Seven-Month High

By Cassie Werber LONDON--Bets on a rising price for Brent crude shot up last week, according to data released Tuesday, showing the most bullish sentiment since September 2013... Full Story

Time to Get Into Energy Stocks, Says Blackrock's Koesterich -- Market Talk

[Dow Jones] Blackrock's chief investment strategist Russ Koesterich says now is the time to bulk up on energy stocks as oil prices climb despite near record-high inventories in the U.S... Full Story

Top News Stories

China Challenges Obama’s Asia Pivot With Rapid Military Buildup

By David J. Lynch Apr 22, 2014 President Barack Obama’s trip to Asia this week will be dominated by a country he’s not even visiting: China. Each of the four nations on the president’s itinerary is involved in territorial disputes with an increasingly assertive China... Full Story

Keystone Allies Say New Delay Aids Push to Bypass Obama

By Jim Snyder and Laura Litvan Apr 22, 2014 The Obama administration’s latest Keystone XL delay is having an unintended consequence: the revival of the effort in Congress to circumvent the White House by forcing approval of the project. While a plurality of U.S... Full Story

Russia Renews Threat to Intervene in Ukraine as Truce Falters

By Daryna Krasnolutska, Daria Marchak and Volodymyr Verbyany Apr 23, 2014 Ukraine edged closer to a new round of hostilities after the government in Kiev said it’s resuming operations to oust militants from eastern cities and Russia pledged to defend its citizens in the neighboring country... Full Story

Keystone Route Ruling Should Be Overturned, Nebraska Says

By Andrew Harris Apr 21, 2014 A court challenge holding up TransCanada Corp. (TRP)’s Keystone XL pipeline should be dismissed, Nebraska’s governor said, urging his state’s high court to allow the project to move forward... Full Story

S. Sudan Rebels Killed Hundreds on Ethnic Basis, UN Says

By William Davison and Mading Ngor Apr 22, 2014 South Sudanese rebels allied to former Vice President Riek Machar who seized the city of Bentiu last week killed hundreds of civilians seeking shelter there, after determining their ethnicity or nationality, the United Nations said... Full Story

China Premier Li Reiterates Plans to Boost Clean Energy

By Bloomberg News Apr 20, 2014 China, the world’s biggest investor in renewable energy, reiterated plans to boost construction of solar and wind power plants along with projects to transmit electricity from the clean sources... Full Story

Financial

Natural Gas Inches Up on Questions about Supply

By Timothy Puko Natural-gas futures are rising for the third time in four sessions Wednesday as cool spring weather across the U.S. reinforces concerns about gas supply levels. Natural gas for May delivery rose 3.4 cents, or 0.7%, to $4... Full Story

Natural-Gas Futures Rise on Continued Cold Outlook

By Christian Berthelsen NEW YORK--Natural-gas futures climbed Tuesday as new weather forecasts called for lower-than-normal temperatures into May, fueling concerns that extended late-season heating demand could eat into stockpiles needed for next winter. Natural gas for May delivery rose 4... Full Story

Oil Futures Spill; U.S. Supply Expected to Climb

By Nicole Friedman NEW YORK--Oil futures tumbled Tuesday on concerns that U.S. crude-oil supplies could near or even exceed an all-time high, as domestic oil production keeps rising. Light, sweet crude for May delivery settled down $2.24, or 2.2%, at $102... Full Story

Natural Gas Climbs on Forecasts of Extended Late-Season Cold

By Christian Berthelsen Natural-gas prices edged up Tuesday, as newly revised weather forecasts called for cooler-than-normal temperatures into the beginning of May, potentially extending late-season heating demand and raising questions about whether the U.S... Full Story

Oil Futures Slip as High Supplies Weigh on Market

By Nicole Friedman NEW YORK--Oil futures fell from seven-week highs Tuesday as traders who had bet on higher prices locked in profits ahead of a storage report expected to show U.S. crude-oil supplies near record highs. Light, sweet crude for May delivery fell $1.06, or 1%, to $103... Full Story

Oil Grinds Out Gain in Thin Holiday Trading

Oil futures eked out a gain Monday as data bolstered hopes for more robust improvement in the U.S. economy and as geopolitical tensions over Ukraine remained in check for the moment. Light, sweet crude for May delivery ended the day up seven cents, or 0.1%, at $104... Full Story

Releases

Abu Dhabi Said to Complete Technical Review of Oil Bids in Weeks

By Anthony DiPaola Apr 23, 2014 Abu Dhabi’s state oil producer is almost finished reviewing technical aspects of international companies’ bids to develop the biggest onshore crude deposits in the emirate, two people with knowledge of the situation said... Full Story

Mexican State Utility Unveils Plans for Natural-Gas Pipelines

By Anthony Harrup Mexico's state-owned electric utility said Tuesday it plans to seek private-sector bids for five natural-gas pipelines in northern Mexico that are expected to cost $2.25 billion to build... Full Story

Cliffs Natural Resources: No Easy Answers -- Barron's Blog

By Ben Levisohn Everyone and their mother will be blaming the weather for disappointments this earnings season. Don't buy it when Cliffs Natural Resources ( CLF) uses the excuse, says Wells Fargo's Sam Dubinsky and Amir Chaudhri... Full Story

Duke Energy updates N.C. legislative commission on coal ash

RALEIGH, N.C., April 22, 2014 RALEIGH, N.C., April 22, 2014 /PRNewswire/ -- Duke Energy's North Carolina State President, Paul Newton, today spoke before the N.C. Joint Environmental Review Commission (ERC) on the company's response to the Feb... Full Story

BP Agrees to Sale of Interests in Four Alaska North Slope Assets

Release Date: 22 April 2014 • BP to focus on giant Prudhoe Bay oilfield and progressing Alaska LNG opportunity • Hilcorp to operate Milne Point, Endicott, and Northstar oilfields • Introduction of new North Slope partner expected to increase activity BP today announced that it has... Full Story

Ring Energy, Inc. Provides First Quarter 2014 Operations Update

MIDLAND, Texas--(BUSINESS WIRE)--April 22, 2014-- Ring Energy, Inc. (NYSE MKT: REI) ("Ring") ("Company") today announced its operations update for the first quarter of 2014... Full Story

Weather

Snowstorm From U.S. Midwest Sweeps Cold Air Into the East

By Brian K. Sullivan Apr 16, 2014 Temperatures in Washington and New York dropped as much as 35 degrees as a cold front that brought snow to Chicago this week swept eastward with gusty winds grounding flights... Full Story

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

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NATURAL GAS STORAGE*
EIA report for week ending 4-11-2014 Our prediction for week ending 4-18-2014
850 907
Weekly change
+24up +57upest

Commodity Prices ($)

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