Featured Articles

Aug 29, 2014

Forecast & Analysis

Search for Oil Moves to Spreadsheets as Canada Trade Data Faces Revisions

By Greg Quinn Aug 29, 2014 Canadaís trade reports suffer from a lack of timely oil industry figures, leading to multimillion dollar revisions on data thatís crucial to the Bank of Canadaís economic outlook... Full Story

Shell Submits Revised Arctic Drilling Plan -- Market Talk

With no final decisions made yet, Shell (RDSA.LN) is keeping its option open to pursue drilling in the Arctic Ocean next summer by filing today its exploration plan for the Chukchi Sea off Alaska to the US Interior Department... Full Story

Still Time to Short Cliffs Natural Resources? -- Barron's Blog

By Ben Levisohn The price of iron ore looks set to fall and that's bad news for iron miners like Cliffs Natural Resources ( CLF), BHP Billiton ( BHP) and Rio Tinto ( RIO) today... Full Story

Wood Mackenzie: Marcellus could hold another $90 billion in value

The Marcellus Shale is currently the ďlargest shale gas play in the world,Ē and a study from Wood Mackenzie predicts that growth wonít stop any time soon because the formation holds more than $90 billion in remaining value... Full Story

2nd Colorado Local Fracking Ban Ruled Against -- Market Talk

The Colorado Oil and Gas Association has won another court victory as a state judge rules a fracking ban in Lafayette violates state law. The same judge struck down a similar ban in Longmont last month... Full Story

Russia and Ukraine Mustn't Use Gas as Blackmail Tool, Says EU's Oettinger -- Market Talk

[Dow Jones]--Russia and Ukraine mustn't use gas as a blackmail tool in their conflict, says European Energy Commissioner Gunther Oettinger. The EU official stresses that a safe energy supply is crucial and mustn't be included in possible extra sanctions against Russia... Full Story

Top News Stories

U.S. Tightens Rules Amid Worst Barge Spills Since 2008

By Harry R. Weber and Dan Murtaugh Aug 28, 2014 Tighter regulation of U.S. ships carrying record exports of diesel and gasoline is coming amid the worst year for oil spills from barges since 2008... Full Story

Natural Gas Adds another 0.1% to $4.062/mmBtu on Smaller-than-Expected Stockpile Additions

Natural Gas Adds another 0.1% to $4... Full Story

Islamic State Entrenches in Syrian City as Obama Mulls Steps

By Donna Abu-Nasr Aug 28, 2014 In the Syrian city of Raqqah on the banks of the Euphrates River, Islamic State militants are busy building a capital fit for their followers... Full Story

Putinís Good Cop Claim Hollow in Kiev as Rebels Widen War

By Andrew Langley and Kateryna Choursina Aug 27, 2014 Hours after Vladimir Putin hailed ďpositiveĒ talks over the war in Ukraine, new accusations of Russian aggression were already being voiced in Kiev... Full Story

North Dakota gets more gas processing capacity

OKLAHOMA CITY, Aug. 27 (UPI) -- Energy company ONEOK Partners said it started operations at a gas processing plant in North Dakota capable of processing 100 million cubic feet per day... Full Story

Ukraine Fighting Rages on After Leaders Hail Summit

By Kateryna Choursina, Jake Rudnitsky and Volodymyr Verbyany Aug 27, 2014 Ukraine-Russia Talks Produce No Major Breakthrough Ukraine, Russia Conflict Could Be `Past Low Point' Trade Sanctions Seen as `Damaging' for Investors Fighting in eastern Ukraine between government forces and... Full Story

Financial

Oil in N.Y. Set for First Weekly Gain in Six on Economy

By Moming Zhou Aug 29, 2014 West Texas Intermediate crude headed for the first weekly gain in more than a month on speculation an improving U.S. economy will boost fuel demand. Prices rose for a fourth day after touching a seven-month low on Aug. 25. U.S... Full Story

Natural-Gas Prices Break $4 on Smaller-Than-Expected Surplus

By Timothy Puko NEW YORK--Natural-gas front-month prices closed above $4 a million British thermal units for the first time in six weeks, boosted by summer heat and a smaller-than-expected surplus. The front-month October contract settled up 4.1 cents, or 1%, to $4... Full Story

Oil Benchmarks Diverge as GDP Growth Boosts U.S. Prices

By Nicole Friedman NEW YORK--U.S. oil prices gained Thursday on upbeat economic data, while global benchmark Brent ticked lower despite escalating tension in Ukraine. Light, sweet crude for October delivery settled up 67 cents, or 0.7%, at $94... Full Story

Chicago Gasoline Jumps After BP Whiting Refinery Fire

By Lynn Doan and Dan Murtaugh Aug 28, 2014 An explosion at BP Plc (BP/)ís 405,000-barrel-a-day Whiting refinery, the largest plant in the Chicago area, almost doubled the premium for gasoline today on speculation that supplies will shrink... Full Story

WTI Oil Gains for Third Day as GDP Growth Beats Estimates

By Moming Zhou Aug 28, 2014 West Texas Intermediate crude gained for a third day as the U.S. economy expanded more than previously forecast in the second quarter, boosting expectations for strong oil demand. U.S. gross domestic product grew at a 4... Full Story

Natural-Gas Prices Rise on Smaller-Than-Expected Surplus

By Timothy Puko NEW YORK-- Natural-gas futures are inching up Thursday after a weekly stockpile report showed a smaller surplus than expected. Producers added 75 billion cubic feet of gas to storage for the week ended Aug. 22, the U.S. Energy Information Administration said... Full Story

Releases

Deal Reached to Develop Shale Oil in Remote Argentine Area

By Taos Turner BUENOS AIRES--Argentina's YPF SA and Malaysia's Petroliam Nasional Bhd. agreed to develop shale oil in Argentina's massive Vaca Muerta formation. The deal involves an initial investment of up to $550 million, of which Petronas will contribute $475 million... Full Story

Pemex Pursuing Tax Reimbursement After Overstating Output

By Adam Williams and Carlos Manuel Rodriguez Aug 28, 2014 Petroleos Mexicanos is preparing a request for the reimbursement of taxes the state-owned oil company paid on barrels it never produced... Full Story

Repsol Said to Drop Talisman Purchase, Considers Assets

By Manuel Baigorri, Matthew Monks and Scott Deveau Aug 28, 2014 Repsol SA (REP) has dropped a plan to buy all of Talisman Energy Inc. (TLM), and is instead weighing the purchase of some of the Canadian companyís shale assets, people with knowledge of the matter said... Full Story

Norsk Hydro: Chairman of the board purchases shares

OSLO, Norway, Aug. 28, 2014 (GLOBE NEWSWIRE) -- Chairman of the Board of Directors in Norsk Hydro ASA, Dag Mejdell, has on August 28, 2014 purchased 10,000 shares in Hydro at NOK 36.64 per share. New holding is 35.000 shares... Full Story

Morgan Stanley Downgrades BP to Underweight -- Market Talk

[Dow Jones]--Morgan Stanley downgrades BP (BP.LN) to underweight from equalweight, expecting free cash flow to lag peers to 2017. Unusually for a company of BP's size, it has no new upstream projects starting up in 2015, says Morgan Stanley... Full Story

Gulf Keystone Returns Staff to Kurdistan as Threat Eases

By Anna Hirtenstein Aug 28, 2014 Gulf Keystone Petroleum Ltd. (GKP) is sending staff back to Iraqi Kurdistan after U.S. airstrikes eased the threat from Islamic State militants that prompted a mass evacuation of expatriate oil workers three weeks ago... Full Story

Weather

Storm Cristobal Moving North Into Atlantic Away From Land

By Brian K. Sullivan Aug 25, 2014 Tropical Storm Cristobal slowly moved north in the Atlantic, dumping heavy rain on the Bahamas and Turks and Caicos islands on a track away from the U.S., the National Hurricane Center said... Full Story

Hurricane Center Closely Watches Budding Atlantic Storm

By Brian K. Sullivan Aug 22, 2014 A potential tropical system became a bit ragged with poor definition late yesterday as it neared the Leeward Islands at the eastern edge of the Caribbean Sea. A U.S... Full Story

Hurricane center monitors two disturbances in Atlantic

OUTLOOK: The National Hurricane Center is monitoring two tropical disturbances in the Central Atlantic. The one farther to the west appears more likely to develop and, at least initially, is heading toward the Caribbean... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 8-15-2014 Our prediction for week ending 8-22-2014
2555 2635
Weekly change
+88up +80upest

Commodity Prices ($)

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