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LOG IN: USERNAME: PASSWORD: Remember my login Forgot your password? SIGN UP: FREE - Newsletter and limited site access $29.33/mo - UNRESTRICTED ACCESS   TELL ME MORE ABOUT: Outlook research Weather data   EIA NATURAL GAS WEEKLY STORAGE LEVELS: (Total Lower 48) EIA report for week ending 05/02/08 1,436 Bcf Our next prediction coming Tuesday, 05/13/08 Weekly Changes: +65 Bcf EIA FORECASTING TOOL: Explore past and future EIA natural gas values!

Natural gas, crude oil, and weather market news, prices, analysis, and forecasts for commodities traders, risk managers, and hedgers with current NYMEX, CME, EIA, and energy market data, charts, commentaries, newsletters, and more. Featured Articles for May 9, 2008  Forecast & Analysis - Top Stories - Financial - Releases - Weather Stories Forecast & Analysis DJ ENERGY MATTERS: With Oil At Record High, Bush Heads To Saudi NEW YORK (Dow Jones)--Since U.S. President George W. Bush pressed Saudi Arabia for increased oil supplies in January, crude prices have surged some 28%, and - U.S. estimates show - the Saudis actually cut production. Full Story Election Year + $124 Crude Oil = Silly Solutions: Caroline Baum May 9 (Bloomberg) -- The confluence of record oil prices and a presidential election year is proving to be an irresistible combination for Congress and the candidates, all of whom happen to be members of that esteemed body. Full Story How to Use the Strategic Petroleum Reserve John McCain and a number of other senators have been recommending that the Bush administration stop buying crude oil for the Strategic Petroleum Reserve (SPR). They're right. Full Story MARKET TALK: OPEC Meeting Talk Raises Spare Capacity Doubts [Dow Jones] OPEC has power to calm oil prices should it gather during the summer to discuss output, says Michael Davies, head of research at Sucden in London, but any output increase also raises risk of further price rises. Full Story Oil May Fall on Dollar's Rise, Inventory Gain, Survey Shows May 9 (Bloomberg) -- Crude oil may fall next week on forecasts that U.S. inventories will increase as refiners prepare for summer gasoline demand and on the return of Nigerian output. Full Story Top Stories No shortage of oil in the market: OPEC The Organisation of Petroleum Exporting Countries (OPEC) has said that there was no shortage of oil in the world market and the organisation would act if the market shows need for any measures, WAM news agency reported Friday. Full Story OPEC may consult on supply boost if rally continues LONDON, May 9 (Reuters) - OPEC may consult on whether the group needs to boost oil output before a scheduled meeting in September should crude oil prices keep rising, an OPEC source said on Friday. Full Story Bill Targets Oil Firms and OPEC Democratic leaders in Congress unveiled energy legislation yesterday targeting big oil companies and members of the Organization of the Petroleum Exporting Countries. The package drew sharp criticism from Republicans, oil firms and foreign policy experts. Full Story Judge sentences former Alaska lawmaker in bribery case ANCHORAGE, Alaska - A former Alaska legislator convicted of taking bribes to push legislation for a major natural gas pipeline was sentenced Thursday to 3 1/2 years in federal prison. Full Story Senators Seek U.S. World Energy Exchange Oversight May 8 (Bloomberg) -- Two U.S. senators asked the head of the U.S. Commodity Futures Trading Commission to ensure market protections for the trading of energy futures on international exchanges. Full Story Financial OIL FUTURES: Nymex Crude Chases Distillates To Record NEW YORK (Dow Jones)--Crude oil futures capped a week of records above $125 a barrel Friday, electrified by world demand for distillate fuels. Full Story US GAS: Futures Reach New 28-Mo High On Oil Prices NEW YORK (Dow Jones)--Natural gas futures finished higher Friday, reaching a fresh 28-month high amid record crude oil prices as demand for heating oil and other distillates rose. Full Story OIL FUTURES: Nymex Crude Above $126/Bbl, Follows Heating Oil NEW YORK (Dow Jones)--Crude oil futures blasted above $126 a barrel Friday, led up by strong demand for heating oil and other distillates. Full Story US GAS: Futures Rise With Higher Crude Oil Prices NEW YORK (Dow Jones)--Natural gas futures rose Friday, supported by record crude oil prices as investors flocked to commodities as a hedge against inflation. Full Story Oil Climbs Above $126 to Record as Dollar Weakens Against Euro May 9 (Bloomberg) -- Crude oil rose above $126 a barrel in New York to a record as the dollar weakened against the euro and yen, prompting investors to buy commodities. Full Story US GAS: Futures End Flat; Storage Data In Line With Forecasts NEW YORK (Dow Jones)--Natural gas futures barely budged Thursday after U.S. government data showed gas inventories grew last week in line with market forecasts. Full Story OIL FUTURES: Nymex Crude At Record On Distillates NEW YORK (Dow Jones)--Crude oil futures eked out a new record Thursday, bolstered by strength in heating oil. Full Story OIL FUTURES: Nymex Crude Steadies After Record Run NEW YORK (Dow Jones)--Crude oil futures hovered near record highs Thursday, taking a breather after four days of strong gains. Full Story Releases Dominion Declares Quarterly Dividend of 39.5 Cents RICHMOND, Va., May 9 /PRNewswire-FirstCall/ -- The board of directors of Dominion has declared a quarterly dividend of 39.5 cents per share of common stock. Full Story Chevron, other oil companies settle MTBE cases In what is the largest settlement to date over the gasoline additive MTBE, Chevron Corp. and dozens of other oil companies agreed to pay $423 million to settle 59 separate cases in 17 states that were brought by 160 water providers and 340 individuals. Full Story Meridian Resource Announces First Quarter 2008 Financial Results HOUSTON, May 9, 2008 (PRIME NEWSWIRE) -- The Meridian Resource Corporation (NYSE:TMR - News) today announced its first quarter 2008 financial and operational results. Full Story PXP Posts Strong Q1 Earnings of $164 Million, Up 695% Houston, Texas (5/8)-Plains Exploration & Production Company today announced financial and operating results for the first quarter 2008. The company reported significant improvements in first quarter 2008 performance metrics compared to first quarter 2007, including a net income increase of 695 percent. Full Story Shell's Nigeria Output Back in 2 Weeks, Official Says May 8 (Bloomberg) -- Royal Dutch Shell Plc's Nigerian output, which was cut by militant attacks, likely will return within two weeks, a government official said today. Full Story Linn Energy Q1 adjusted profit misses Street view May 8 (Reuters) - Linn Energy LLC (LINE.O) reported a adjusted first-quarter profit that was below Wall Street expectations, as higher expenses offset increased revenue from increased production and commodity prices. Full Story El Paso posts better Q1 earnings, sees strong year NEW YORK, May 8 (Reuters) - El Paso Corp (EP.N), a natural gas producer and pipeline company, posted a higher first-quarter operating profit on Thursday and said it expects full-year earnings to be sharply higher than previously forecast on stronger oil and natural gas prices. Full Story ConocoPhillips to Fix Transformer at Sweeny, Texas, Refinery May 8 (Bloomberg) -- ConocoPhillips, the second-largest U.S. refiner, will perform preventative maintenance on the transformer rectifier at its refinery in Sweeny, Texas, according to a filing with state regulators. Full Story

TOP 5 Most Read Stories > No shortage of oil in the market: OPEC > MARKET TALK: OPEC Meeting Talk Raises Spare Capacity Doubts > OIL FUTURES: Nymex Crude Above $126/Bbl, Follows Heating Oil > Oil May Fall on Dollar's Rise, Inventory Gain, Survey Shows > US GAS: Futures Rise With Higher Crude Oil Prices TOP 5 Most Read Commentaries > The Energy Report for Friday, May 9, 2008 > Natural Gas and Its Realities > A New Era in the Energy Sector > Oil Bull Market Uncovers Two New Opportunities > Oil & Gas Outlook: Optimists Forecast Good Prices Despite A Slowing U.S. Economy

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