Featured Articles

Oct 24, 2014

Forecast & Analysis

Funds Cut Bets That Oil Prices Will Keep Falling -- Market Talk

Money managers such as hedge funds got less pessimistic about Nymex oil futures and options in the week ended Tuesday, CFTC data released Friday show. Funds slashed 17,589 bets on falling prices, while cutting 7,486 bets on rising prices... Full Story

GM and Ford Should Be Pumped About Gas--Heard on the Street

By Justin Lahart The world beyond America's borders is an ugly place for U.S. car makers. But the decline in gasoline prices that has come alongside the global slowdown might give them a boost back home... Full Story

U.S. LNG Won't Necessarily Be Cheap for Japan -- Market Talk

[Dow Jones] Liquefied natural gas exported from the U.S. won't necessarily be cheap for Japan because feedstock natural gas prices wouldn't stay at current very low levels, says Takayuki Nogami, analyst of Japan Oil, Gas and Metals National Corp... Full Story

Long-Term Trends Working Against Price of Oil -- Market Talk

[Dow Jones] Crude oil prices will likely bottom out soon as U.S. refineries hike operating rates to produce heating oil before winter, but the rise would be limited because of improved efficiency of U.S. automobiles, says Takayuki Nogami, analyst of Japan Oil, Gas and Metals National Corp. U.S... Full Story

Energy Traders’ Obsession With Winter Begins

By Brian K. Sullivan Oct 24, 2014 There are almost as many weather-driven seasons in the world as there are things to count. Atlantic and Pacific hurricanes have a season. So do cyclones in the Indian Ocean and off Australia, fall foliage in the U.S... Full Story

Don’t Assume Saudi Crude Drop Was Move to Bolster Prices

By Anthony DiPaola, Moming Zhou and Wael Mahdi Oct 24, 2014 The drop in Saudi Arabian oil supply last month failed to sway analysts looking for signs OPEC’s biggest producer is seeking to bolster global prices... Full Story

Top News Stories

5 Ways Falling Oil Prices Are Helping the Economic Numbers

By Kathleen Madigan Dropping energy prices-- a big positive for the economy--are filtering through recent economic data... Full Story

Russia May Need to Cut Budget Spending, Finance Minister Says

By Alexander Kolyandr MOSCOW--Russia may need to cut its budget spending for the next three years if Western sanctions persist, the country's finance minister said Friday... Full Story

U.S. Oil Seen as Buffer for Global Prices and Supply

By Lynn Doan Oct 24, 2014 U.S. oil output is buffering global crude prices and critical to the world’s supply balance amid the threat of disruptions, even as a ban on domestic exports remains in place, Energy Secretary Ernest Moniz said... Full Story

Encana Extends Deep Panuke Field Maintenance to November

Encana Corp. (ECA), the second-largest Canadian producer of natural gas, plans to extend to November maintenance that shut its Deep Panuke field off the nation’s Atlantic Coast this month... Full Story

China Scores Cheap Oil 14,000 Miles Away as Glut Deepens

By Bloomberg News Oct 24, 2014 China is finding oil supplies 14,000 miles away, aided by the global rout in prices that’s left producers vying for new markets. PetroChina Co. said it bought Colombian crude for a northern refinery for the first time because it was good value... Full Story

Russia Detains Airport Staff Over Crash That Killed Total CEO

By Gregory L. White MOSCOW--Russian investigators said on Thursday they had detained managers and controllers on duty at Moscow's Vnukovo airport during Monday's corporate-jet crash that killed Total SA chief Christophe de Margerie... Full Story

Financial

Natural Gas Rallies on Signs of Chill and Bargain Buying

By Timothy Puko NEW YORK--Natural gas prices rebounded Friday, flipping from morning losses into small gains on slight signs of cool weather and an influx of bargain buyers, analysts said. The front-month November contract settled up 0.1 cent, or 0.03%, to $3... Full Story

Natural Gas Pushes 2014 Low on Warm Weather

By Timothy Puko NEW YORK--Natural gas prices are pushing their new 2014 lows even lower Friday with warm weather forecasts suggesting little home heating demand through October. Natural gas for November delivery fell 4.2 cents, or 1.2%, at $3... Full Story

Oil Prices Slip on High Supplies

By Cassie Werber Oil was trading lower on both sides of the Atlantic Friday morning, retreating after a bounce the previous day and still hovering close to multiyear lows. Oil is now trading at such a low level that it's started to stimulate some demand, said analysts at Energy Aspects... Full Story

Crude Gives Back Gains; Saudi Oil Policy Seen Unchanged

By Moming Zhou Oct 24, 2014 West Texas Intermediate retreated from the biggest gain since September amid speculation a drop in Saudi Arabian oil supply to the market isn’t a signal for production cuts. Brent slid. Futures are poised for a fourth weekly decline... Full Story

Natural Gas Slides as Weather Forecasts Turn Warmer, Stockpiles Rise

By Matt Day Natural-gas futures fell to new 11-month lows on Thursday after weather forecasts pointed to limited demand for the heating fuel and government data showed a large increase in stockpiles. The front-month November contract fell 3.7 cents, or 1%, to settle at $3... Full Story

Oil Prices Rebound From 27-Month Low

By Nicole Friedman Oil prices bounced off multiyear lows Thursday on signs of demand growth and news that Saudi Arabia cut its supply to the market in September. Light, sweet crude for December delivery gained $1.57, or 2%, to $82... Full Story

Releases

Berkshire’s BNSF to Add Surcharge on Older Oil Tank Cars

By Thomas Black, Dan Murtaugh and Lynn Doan Oct 24, 2014 BNSF Railway Co. (BRK/A) plans to apply a $1,000 surcharge for each older tank car that hauls oil, as the railroad owned by Warren Buffett’s Berkshire Hathaway Inc. encourages shippers to scrap the puncture-prone cars... Full Story

Cabot Oil Earnings Rise 44% on Higher Production Volume

By Angela Chen Cabot Oil Gas Corp. said its third-quarter earnings grew 44% on the strength of higher production volume in key segments. As a company benefiting from the current energy boom, Cabot had posted stronger earnings over the past few years... Full Story

Royal Dutch Shell 3Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Royal Dutch Shell plc (RDSA) third-quarter results, based on a poll of 10 analysts conducted by Dow Jones Newswires (figures in million dollars, EPS and dividend in dollar, target price in pence, production in thousand barrel of oil... Full Story

Total SA 3Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Total SA (TOT) third-quarter results, based on a poll of 11 analysts conducted by Dow Jones Newswires (figures in million dollars, EPS in dollar, target price in euro, output in thousand barrel of oil equivalent per day (kboe/d),... Full Story

BP plc 3Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for BP plc (BP) third-quarter results, based on a poll of 10 analysts conducted by Dow Jones Newswires (figures in million dollars, EPS and DPS in cents, target price in pence, production in kboe/d, according to IFRS)... Full Story

LyondellBasell Says Tight Market May Delay Oil Impact

By Jack Kaskey Oct 24, 2014 LyondellBasell Industries NV (LYB), the world’s biggest maker of polypropylene plastic, said “tight” markets for its products may stall the narrower margins that it expects will ultimately come from lower oil prices. The fundamentals of the U.S... Full Story

Weather

Hurricane Map’s Gulf of Mexico X Isn’t as Bad as It Looks

By Brian K. Sullivan Oct 21, 2014 A potential tropical system in the Gulf of Mexico in August could raise eyebrows and send a ripple through energy markets. In October, it’s a different story. Or at least, it should be... Full Story

Hurricane Gonzalo May Be Worst Bermuda Storm in 11 Years

By Brian K. Sullivan Oct 17, 2014 Gonzalo, classified as a major hurricane and bearing down on Bermuda with tree-snapping winds, is forecast to bring flooding and a life-threatening storm surge as it’s projected to be the worst storm to hit the territory since Fabian in 2003... Full Story

New York Gets Frigid Winter Warning From Siberia Snowfall

By Brian K. Sullivan Oct 15, 2014 The snow in Siberia is piling up, and if it keeps coming, people in New York may have to bundle up this winter... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 10-10-2014 Our prediction for week ending 10-17-2014
3299 3390
Weekly change
+94up +91upest

Commodity Prices ($)

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