Top Forum Posts

Featured Articles

Oct 06, 2015

Forecast & Analysis

Russia's Syria Move Could Hit Oil Hard -- Market Talk

What will knock crude oil out of the $44-$47/bbl range it's been stuck in since Sept. 1? Gabriel Collins, an attorney at Baker and Hostetler in Houston, says it could be Russia's intervention in Syria, and says prices could tumble toward $30/bbl by the new year... Full Story

Investing in Iran? You'd Better Like Tea, Cake and Bureaucracy

By Ladane Nasseri and Golnar Motevalli October 5, 2015 When Mahdi Yazdizadeh tried to import and sell a type of high-tech robot that stocks warehouses, he found himself running from one Tehran office to the next, having to answer a stream of questions to get the needed approvals... Full Story

Commodity Collapse Has More to Go as Goldman to Citi See Losses

By Luzi-Ann Javier October 5, 2015 Even with commodities mired in the worst slump in a generation, Goldman Sachs Group Inc., Morgan Stanley and Citigroup Inc. are warning bulls that prices may stay lower for years... Full Story

U.S. Oil Production Cuts Coming, Says Deutsche -- Market Talk

A deeper reduction in the number of rigs drilling for oil in the U.S. means bigger production cuts are coming soon, Deutsche Bank says in a report. The U.S. oil-rig count dropped by 26 to 614, extending a recent streak of declines, Baker Hughes reported Friday... Full Story

U.S. Crude-Oil Stocks Likely to Increase Over Next Two Months -- Market Talk

[Dow Jones] The U.S. crude stock is likely to edge higher over October and November during the refinery maintenance season, says Oil Market Journal. "U.S... Full Story

UAE Minister Bullish on Oil Output -- Market Talk

The United Arab Emirates is continuing with its oil and gas investments despite the low crude prices and is on track boost its crude output capacity from 3 million barrels a day to 3.5 million by 2017, the country's energy minister says... Full Story

Top News Stories

OPEC Concerned About `Enhancing' Its Image - Internal Report

By Benoît Faucon And Summer Said LONDON--The Organization of the Petroleum Exporting Countries is worried about its public image... Full Story

Stocks Have Significant Steps to Take, Even Amid This Rally

By Paul Vigna U.S. equities are in the middle of a sharp rally, and things are looking good on the charts - with one important sticking point still in play... Full Story

U.S. Says $20.8 Billion BP Spill Settlement Finalized

By Devlin Barrett WASHINGTON--The Obama administration said Monday it has finalized the terms of a record $20.8 billion dollar settlement with BP PLC over the 2010 Deepwater Horizon oil spill in the Gulf of Mexico... Full Story

Iraqi Kurds Boost Oil Sales in Drive for Financial Independence

By Mais Al-Amouri October 5, 2015 Iraq’s Kurdish region ramped up crude exports by 27 percent in September as the semi-autonomous enclave seeks greater financial independence amid a budget dispute with the federal government in Baghdad. The Kurdistan Regional Government exported 18... Full Story

Producers Reduce U.S. Rigs Drilling for Oil to Five-Year Low

By David Wethe October 2, 2015 The U.S. oil industry reached a significant milestone this week on the path to recovery when a month’s worth of plummeting activity culminated in a five-year low for drilling rigs. Rigs targeting oil in the U.S... Full Story

Big Oil Set for Tax Help -- Market Talk

Big oil is due a big tax break, according to Morgan Stanley. Following several years of high spending, mounting depreciation, depletion and amortization charges are expected to erode tax payments, the bank says... Full Story


Oil Prices Supported by Gasoline Demand

By Nicole Friedman and Georgi Kantchev NEW YORK--Oil prices rose Monday on a drop in Midwest gasoline supplies and a larger-than-expected cut in U.S. production capacity... Full Story

Natural Gas Prices Erase Gains

By Nicole Friedman NEW YORK--Natural-gas prices fell slightly Monday, erasing early gains, on concerns that mild weather would keep the market oversupplied. Futures for November delivery settled down 0.1 cent, or 0.04%, at $2... Full Story

Natural Gas Prices Tick Higher

By Nicole Friedman NEW YORK--Natural-gas prices continued to lift off three-year lows Monday as traders who had bet on lower prices closed out wagers. Futures for November delivery recently rose 3.4 cents, or 1.4%, to $2.485 a million British thermal units on the New York Mercantile Exchange... Full Story

Oil Prices Supported By Weaker Dollar

By Georgi Kantchev and Nicole Friedman NEW YORK--Oil prices rose Monday on a larger-than-expected cut in U.S. production capacity... Full Story

Natural Gas Inches Up on Bargain Hunting, Profit Taking

Natural gas prices made a small rebound on Friday, as new three-year lows encouraged bargain seekers and bearish traders closing out short positions to buy. Prices for the front-month November contract gained 1.8 cents, or 0.7%, to $2... Full Story

Oil Surges as Rig Count Falls

By Timothy Puko Crude prices surged back to gains Friday after the number of working U.S. oil rigs fell to a five-year low. The move gives momentum back to traders who have bet that a historic collapse in oil prices is forcing the U.S. shale-oil boom to slow down. U.S... Full Story


Cenovus Seen as a Target in Canadian Oil Patch -- Market Talk

Suncor Energy's (SU) hostile bid for rival Canadian Oil Sands (COS.T) may be a catalyst for more M&A targeting Canadian oil companies such as Cenovus Energy (CVE), Desjardins Capital Markets says. The $3... Full Story

Royal Dutch Shell CEO to Call for Effective System for Pricing Carbon

By Sarah Kent LONDON--The chief executive of oil firm Royal Dutch Shell PLC will tell a gathering of industry executives Tuesday that the world must find economic ways to reduce its dependence on the most polluting fossil fuels, calling on governments to institute an effective system for... Full Story

Suncor's Canadian Oil Sands Bid May Spark Rival Offers

By Jeremy Van Loon October 5, 2015 Suncor Energy Inc.’s C$4.3 billion ($3.3 billion) unsolicited offer for Canadian Oil Sands Ltd. is likely to spark a bidding war after the slumping price of crude depressed the target company’s shares, making a takeover more attractive. Imperial Oil Ltd... Full Story

Shell CEO Doing All to Safeguard Dividends Amid Low Oil Prices

By Rakteem Katakey October 5, 2015 Royal Dutch Shell Plc is “puling out all the stops to safeguard” its dividend in a world where oil prices remain “lower for longer,” Chief Executive Officer Ben Van Beurden said... Full Story

Rout in MLPs May Facilitate Marathon's MarkWest Deal -- Market Talk

The rough ride master limited partnerships have taken could be good news for a potential tie-up between MPLX, a partnership controlled by Marathon Petroleum (MPC), and MarkWest Energy Partner (MWE), Morgan Stanley analysts say... Full Story

Oil's Swoon Has Exxon's AAA Rating at Risk -- Market Talk

Might oil's tumble ultimately cost Exxon (XOM) its AAA rating? Perhaps as S&P cut its outlook on XOM and 4 other energy companies to negative late Friday while downgrading 16... Full Story


Commodity traders eye Hurricane Joaquin

Commodity traders are closely watching the progress of Hurricane Joaquin as it has strengthened over the past few days and is heading towards the north-east coast of America... Full Story

Current El Nino third-strongest; expected to last until spring

Washington (AFP) - The current El Nino phenomenon, a global weather pattern known to wreak havoc every few years, should last until spring and likely become one of the strongest on record, forecasters said Thursday... Full Story

Pacific Ocean Sea Temperatures See Highest Level Since 1950 -- Market Talk

[Dow Jones] A strong El Nino has seen sea surface temperatures in parts of the Pacific Ocean at their highest level since 1950, says Japan Meteorological Agency... Full Story

EIA report for week ending 9-24-2015 Our prediction for week ending 9-25-2015
3440 3539
Weekly change
+106up +99upest

Commodity Prices ($)

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