Featured Articles

Aug 21, 2014

Forecast & Analysis

Energy Boom Needs Support from Better Infrastructure -- Market Talk

The energy boom in the US could come up short of its full potential if state and local governments don't invest more in basic infrastructure, said Mark Plummer, CEO Chestnut Exploration and Production, a Dallas-based independent oil and natural gas company... Full Story

Libya's Largest Terminal Resumes Oil Exports -- Market Talk

Libya's state-owned National Oil Co. said Wednesday it was resuming oil exports from its largest terminal after a year-long stoppage, as its oil industry manages to recover despite intense fighting in large cities. The restarting Es Sider terminal has the capacity to export 350,000 barrels a day... Full Story

Return of Libyan Oil Pressuring Other OPEC Members -- Market Talk

[Dow Jones]--The return of Libyan oil supply is putting pressure on other OPEC members to scale back output in order to avoid excessive oil supply and a further slide in prices, Commerzbank says. For the time-being, the producer group seems content with the fall in oil to its lowest in over a year... Full Story

Australia Review Chills $20 Billion Clean-Energy Industry

By Mike Anderson, James Paton and Jason Scott Aug 20, 2014 Australia is frightening developers away from renewable energy even before the government decides whether to overhaul targets for the industry’s growth... Full Story

Analysts Forecast 900,000-Barrel Decline in Crude Stocks

By Nicole Friedman NEW YORK--U.S. crude-oil stocks are expected to decline in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates from 11 analysts surveyed showed that U.S... Full Story

World's Largest Mining Company Splits Into Two

By Alexis Flynn LONDON-- BHP Billiton's decision to spin off most of the businesses BHP acquired when it fused with Billiton in 2001 unwinds one of the biggest mergers in mining history, creating a new midsize metals player that may yet become a prime takeover target for its rivals... Full Story

Top News Stories

Permian Shale Boom Upending Values of Heavy and Light Crude Oil

By Dan Murtaugh Aug 21, 2014 Skyrocketing oil production in the Permian Basin has reversed a decades-old price relationship between heavy and light crude in the U.S.’s largest oil patch... Full Story

Labor Day Weekend to See Most U.S. Drivers in Six Years

By Moming Zhou and Mark Shenk Aug 21, 2014 The most Americans in six years will travel by car over the Labor Day holiday weekend, and they’ll be paying the least for gasoline since 2010 as refineries produce ample amounts of the fuel, AAA predicts. About 29... Full Story

Israel Nears Gas Sales to Egypt as Mideast Unrest Flares

By Shoshanna Solomon Aug 21, 2014 In the midst of some of the worst Middle East tensions in a decade, one-time enemies Egypt and Israel are negotiating deals that may mean the sale of $60 billion in Israeli natural gas to liquefaction plants in Egypt... Full Story

Siluria turns natural gas into gasoline for $1 per gallon

The clear liquid flowing from a collection of pipes and wires in a Hayward industrial park smells just like gasoline, and for all practical purposes, it is. But it wasn't made from crude oil... Full Story

Ukraine Fight With Rebels Intensifies as Deaths Mount

By Daryna Krasnolutska and Anton Doroshev Aug 20, 2014 Ukraine’s armed forces said they continue to push back separatists in fighting in the country’s east, as the death toll from the conflict, already more than 2,000, mounted further... Full Story

Iraqi Kurds, Turkey to Double Oil Export Pipeline Capacity

By Ali Berat Meric and Selcan Hacaoglu Aug 20, 2014 The Kurdish regional government in Iraq and Turkey are working to at least double the capacity of a pipeline that allows the Kurds to export crude oil, Turkish Energy Minister Taner Yildiz and an industry official said... Full Story

Financial

Natural-Gas Prices Fall on Larger-than-Expected Surplus

By Timothy Puko NEW YORK--Natural-gas futures are falling Thursday after a weekly stockpile report showed a larger surplus than expected. Producers added 88 billion cubic feet of gas to storage for the week ended Aug. 15, the U.S. Energy Information Administration said... Full Story

WTI Oil Climbs as Economic Data Signals U.S. Growth

By Mark Shenk Aug 21, 2014 West Texas Intermediate oil advanced as U.S. economic data pointed to stronger growth in the world’s biggest oil-consuming nation. Brent slipped as Chinese manufacturing slowed. Crude rose as much as 0.5 percent in New York. Purchases of previously owned U.S... Full Story

Natural Gas Retreats as Weather Forecasts Cool

By Timothy Puko NEW YORK--Natural-gas prices closed lower Wednesday as weather forecasts pulled back hopes for a late-summer bump in demand. The front-month September contract settled down 5.4 cents, or 1.4%, at $3... Full Story

Oil Prices Gain on Supply Drop

By Nicole Friedman Oil prices gained Wednesday after U.S. government inventory data showed a decline in crude-oil supplies as refineries processed more oil than expected last week. Crude-oil stockpiles decreased by 4.5 million barrels to 362.5 million barrels, the U.S... Full Story

WTI Oil Rises First Time in 3 Days on Inventory Drawdown

By Moming Zhou and Mark Shenk Aug 20, 2014 West Texas Intermediate crude rose for the first time in three days as U.S. inventories dropped more than expected. Front-month futures widened their premium over the second month as the September contract expired. Stockpiles decreased by 4... Full Story

Natural Gas Falling as Weather Forecasts Cool

By Timothy Puko NEW YORK--Natural-gas prices have given back about half of the prior session's gains as updated weather forecasts pulled back on predictions of warmer temperatures. Natural gas for September delivery is down 2 cents, or 0.5%, at $3... Full Story

Releases

Mexico's Pemex to Form Oil-Drilling, Electricity Affiliates in Restructuring

By Laurence Iliff MEXICO CITY--State-owned oil company Petróleos Mexicanos said Wednesday that it is creating drilling, logistics and electricity affiliates as it restructures its operations to compete with private oil firms... Full Story

Duke Energy makes major progress cleaning up Ohio River oil spill

CINCINNATI, Aug. 20, 2014 /PRNewswire/ -- Duke Energy continues to make major progress cleaning up an overnight spill on Aug. 18, of approximately 3,000 to 5,000 gallons of fuel oil into the Ohio River at W.C. Beckjord Station, 20 miles southeast of Cincinnati... Full Story

Global Wins, Tesoro Waits on Bringing Bakken Oil West

By Lynn Doan Aug 20, 2014 Just as Global Partners LP (GLP) gained approval to unload more oil from rail cars at a marine terminal in Oregon, Tesoro Corp. (TSO) learned its plans for a similar project in neighboring Washington will have to wait... Full Story

Ghana Expects Hess Offshore Oil Field to Join Project Lineup

By Ekow Dontoh Aug 20, 2014 Ghana, the nation seeking to increase its oil output fivefold in the next decade, expects an offshore development by Hess Corp. (HES) to join the nation’s project pipeline, according to the Petroleum Commission... Full Story

Ashland announces price increase for unsaturated polyester resin and gelcoat in Europe, the Middle East and Af

DUBLIN, Ohio - Ashland Performance Materials, a commercial unit of Ashland Inc. (NYSE: ASH), is increasing the prices of its complete portfolio of unsaturated polyester resins and gelcoats in Europe, the Middle East and Africa (EMEA) by 75 euros per ton... Full Story

RBC Raises Price Targets For Kinder Morgan Companies -- Barron's Blog

By Michael Aneiro RBC Capital Markets today raises its price targets for all the companies in the Kinder Morgan complex in the wake of the deal that wraps them all up under the Kinder Morgan Inc. ( KMI) ticker... Full Story

Weather

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

Storm Bertha Will Lash Caribbean on Track Into Atlantic

By Charlotte Porter Aug 1, 2014 Tropical Storm Bertha will lash parts of the Caribbean with rain and gusty winds on a path that curves away from the U.S. East Coast... Full Story

Disturbance could grow into a tropical depression today

Tropical disturbance, 2 a.m. Wednesday outlook. OUTLOOK: Despite limited thunderstorm activity, the tropical wave in the Central Atlantic remains well organized and could grow into a tropical depression or storm later Wednesday or on Thursday... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 8-15-2014 Our prediction for week ending 8-15-2014
2555 2554
Weekly change
+88up +87upest

Commodity Prices ($)

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