Featured Articles

Apr 27, 2015

Forecast & Analysis

J.P. Morgan Sees YPF Rising 20%; Upgrades to Overweight -- Barron's Blog

By Johanna Bennett Argentina's state-controlled oil giant YPF ( YPF) is rising in Monday morning after J.P. Morgan upgraded the U.S.-listed shares to Overweight with a $40 price target, citing the short term impact of supportive fuel pricing policies. At $31.12, the shares climbed 3.22%... Full Story

Not Everyone Thinks Flood of Saudi Arabian Crude Is Bearish

by Grant Smith As the world’s biggest oil exporter opens the spigot, not everyone agrees that it’s bearish for prices. Saudi Arabia is pumping at near-record levels into a global market contending with the biggest inventory surplus since 2009, according to the International Energy Agency... Full Story

Oil Bears Routed by Spring Thaw in Prices as Drill Rigs Sit Idle

by Dan Murtaugh and Lynn Doan Speculators pulled bearish oil bets at the fastest pace on record as Saudi Arabia renewed strikes on Yemen and U.S. output slowed... Full Story

Speculation Is Main Driver of Oil -- Market Talk

[Dow Jones]--The most recent data show yet another increase in speculative net long positions in WTI, says Commerzbank, reaching their highest level since July. Brent may show even more optimism, it says. "Thus many of the bullish factors for the oil price already appear to be 'priced in', it says... Full Story

Saudi Arabia Won't Push Crude Production -- Market Talk

Top oil exporter Saudi Arabia will unlikely push its overall crude run rates to the maximum over the summer months, JBC Energy says in a note... Full Story

Saudi Arabia Risks Concentrating Power Too Much -- Market Talk

Saudi Arabia's regime has demonstrated a robustness during the recent transition to a new king that many don't give the ruling al Saud family enough credit for, according to Raad Alkadiri, an analyst with IHS... Full Story

Top News Stories

Mexico Plans to Cut Scope of Shale Tenders

By Juan Montes Mexico's government is preparing to downsize tenders of shale oil and gas blocks to oil companies, as low oil prices have reduced the profitability of the difficult-to-reach hydrocarbons, according to senior Mexican officials... Full Story

Investors Step Up Bets on Oil Price Recovery

By Matthew Cowley Investors last week pushed the number of bets that oil prices would rise to a record high, even as some market observers worry prices could slip in the short-term... Full Story

Saudi Prince Sees ‘Excellent’ Oil Market as Kingdom Pumps On

by Wael Mahdi Saudi Arabia, the world’s biggest oil exporter, will meet any demand for its crude as the kingdom seeks to keep customers happy and maintain a balanced market, Prince Abdulaziz bin Salman, the deputy oil minister, said... Full Story

War Haunts Russia’s Southern Fringe, Threatening Pipelines

by Zulfugar Agayev Russia’s southern periphery is closer to open war than at any time since the 1990s. Hostilities between Azerbaijan and Armenia are mounting 21 years after a cease-fire froze a conflict that flared in the dying days of the Soviet Union... Full Story

US Oil-Rig Count Declines for 20th Week -- Market Talk

Baker Hughes' weekly rig-count data show a 20th-straight week of declines in the number of active US oil rigs as drillers keep pulling back due to lower crude prices versus what was seen all decade. The past week, the count fell 31 to 703, 56% less than six months ago... Full Story

Oil Glut Hurting Demand For Key Types of Railway Cars

By Bob Tita Declining output from shale-oil fields cut demand for key types of railroad cars, new data shows, the latest sign of the fallout from lower oil prices... Full Story

Financial

Natural Gas Prices Plunge on Low Spring Demand

By Timothy Puko Natural gas prices plunged to their lowest point in nearly three years as weather updates suggest this spring could bring some of the weakest demand in more than a decade. Prices for the front-month May contract declined 4.1 cents, or 1.6%, to $2... Full Story

Nymex Crude Settles Down 16 Cents at $56.99/Barrel

Gasoline Futures Rise to Highest Settlement Since Nov... Full Story

Natural Gas Unchanged

By Timothy Puko Natural gas pared gains back to unchanged as bearish bank analysts are advising summer speculators not to get excited. Natural gas for May delivery settled at $2.531 a million British thermal units on the New York Mercantile Exchange... Full Story

Oil Prices Retreat

By Timothy Puko U.S. oil prices slipped Friday as crude traders refocused on signs of oversupply. Light, sweet crude for June delivery lost 59 cents, or 1%, to $57.15 a barrel on the New York Mercantile Exchange... Full Story

Natural Gas Gets Bump on Summer Speculation

By Timothy Puko Natural gas prices are getting a boost as traders start to anticipate summer demand. Natural gas for May delivery rose 1.4 cents, or 0.6%, at $2.545 a million British thermal units on the New York Mercantile Exchange... Full Story

Oil Prices Retreat on Oversupply, Stronger Dollar

By Timothy Puko And Georgi Kantchev Oil prices retreated Friday as the dollar pared losses and crude traders refocused on signs of oversupply. Light, sweet crude for June delivery traded down $1.21, or 2.1%, at $56.53 a barrel on the New York Mercantile Exchange... Full Story

Releases

ExxonMobil to Release First Quarter 2015 Financial Results

IRVING, Texas--(BUSINESS WIRE)--April 27, 2015-- Exxon Mobil Corporation (NYSE:XOM) will release first quarter financial results on Thursday, April 30, 2015. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com... Full Story

E.ON Names CFO Schäfer as Head of New Power Company Uniper

By Friedrich Geiger BERLIN-- E.ON on Monday announced the name and leader of the new company which will be formed when the energy generator splits itself in two. The new company will be named Uniper, and will be headed by the group's current Chief Financial Officer, Klaus Schäfer, E.ON said... Full Story

Low LNG Prices Will Benefit Korean Power Utilities -- Market Talk

[Dow Jones] Korea's major state-owned utility companies will benefit from a drop in LNG costs over the next 12-18 months, Moody's says... Full Story

Tullow Rises After Border Ruling Lets Ghana Project Proceed

by Rakteem Katakey Tullow Oil Plc gained in London after a tribunal ruling on a maritime border dispute between Ghana and Ivory Coast allowed an offshore oil project to proceed... Full Story

Engie Profit Falls on Crude Crash, Belgian Nuclear Outages

by Tara Patel Engie, the French energy company formerly known as GDF Suez SA, said first-quarter earnings fell 10 percent following the global oil crash and outages of nuclear reactors in Belgium. Earnings before interest, tax, depreciation and amortization slid to 3.6 billion euros ($3... Full Story

Chesapeake to Pay $25 Million to Settle Michigan Charges

By Erin Ailworth Chesapeake Energy Corp. has agreed to pay $25 million to settle antitrust allegations made by Michigan's attorney general, as well as complaints that it misled hundreds of landowners to obtain leases in the state... Full Story

Weather

Florida’s Hurricane-Free Stretch Has Insurer Bracing for Storms

by Darrell Preston Florida hasn’t been hit by a hurricane since 2005, the longest stretch in more than a century. Its state-run property insurer isn’t taking any chances... Full Story

The Pacific Ocean may have entered a new warm phase — and the consequences could be dramatic

Two new studies have just hit about the “warm blob” in the northeast Pacific ocean — a 2 degree C or more temperature anomaly that began in the winter of 2013-2014 in the Gulf of Alaska and later expanded... Full Story

The Pacific Ocean may have entered a new warm phase — and the consequences could be dramatic

Two new studies have just hit about the “warm blob” in the northeast Pacific ocean — a 2 degree C or more temperature anomaly that began in the winter of 2013-2014 in the Gulf of Alaska and later expanded... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 4-10-2015 Our prediction for week ending 4-17-2015
1539 1627
Weekly change
+63up +88upest

Commodity Prices ($)

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