Featured Articles

Mar 30, 2015

Forecast & Analysis

Guggenheim: WTI Could Slump to the Mid-$20s -- Market Talk

Prices for Nymex oil futures could fall to $34/barrel and possibly make a run into the mid-$20s, says Guggenheim's Scott Minerd, contending that with production where it is, there's little reason not to believe a break of $40 occurs. That as he notes the oil-storage hub in Cushing, Okla... Full Story

Transocean Got Upgraded. This is Why. -- Barron's Blog

By Ben Levisohn Global Hunter Securities analyst Mark Brown and team upgraded shares of Transocean ( RIG) today. They explain why: We traveled for four days last week with Thad Vayda, vice president, investor relations and treasurer of Transocean Ltd... Full Story

Saudis Seen by Woodmac Pricing Oil to Protect Asia Market Share

by Serene Cheong and Anthony Dipaola (Bloomberg) -- Saudi Arabia is seeking to protect its share of Asia’s oil market by keeping crude prices competitive with those of other suppliers, according to energy consultants Wood Mackenzie Ltd... Full Story

Big Oil Pressured Scientists Over Fracking Wastewater's Link to Quakes

by Benjamin ElginMatthew Philips In November 2013, Austin Holland, Oklahoma’s state seismologist, got a request that made him nervous. It was from David Boren, president of the University of Oklahoma, which houses the Oklahoma Geological Survey where Holland works. Boren, a former U.S... Full Story

Oil Drillers Push List of Worst-Rated Companies to Two-Year High

by Kristen Haunss (Bloomberg) -- The number of least-creditworthy companies has jumped to a two-year high as the oil rout pummeled the ratings of U.S. energy producers, according to Moody’s Investors Service. Energy XXI Ltd. and Midstates Petroleum Co... Full Story

Whiting Petroleum: Asset Sales Still on the Table? -- Barron's Blog

By Ben Levisohn By selling more stock and issuing convertible bonds this week, Whiting Petroleum ( WLL) took an acquisition by a larger player like ExxonMobil ( XOM) off the table. JPMorgan's Joseph Allman and team don't think the secondary precludes asset sales... Full Story

Top News Stories

India Is One of the Least E-Commerce Friendly Markets Says U.N. Body

By Dhanya Ann Thoppil India is one of the fastest growing e-commerce markets in the world, but the country's online retailing infrastructure is struggling to keep up... Full Story

Yemen Unrest Sparks Some Concerns About Potential Disruptions -- Market Talk

[Dow Jones]--Yemen supplies less than 0.2% of global oil output but its proximity to Saudi Arabia and a busy shipping lane has sparked some concerns about potential disruptions, says Saxo Bank... Full Story

Nigeria Results Show Tight Presidential Race as Protests Erupt

by Elisha Bala-Gbogbo, Daniel Magnowski and Chris Kay (Bloomberg) -- Early results in Nigeria’s presidential election showed a tight race as tensions mounted in the key oil-producing Rivers state and the northern city of Bauchi where the main opposition party alleged the vote was rigged... Full Story

Iran Deal Unlikely Before March 31 as Russia Leaves Talks

(Bloomberg) -- Russian Foreign Minister Sergei Lavrov planned to leave talks on Iran’s nuclear program and only return if an accord is in sight, suggesting that negotiations will continue into the final hours before a March 31 deadline... Full Story

Nigeria Braced for Trouble as Buhari Challenges Jonathan in Vote

by Mike Cohen, Daniel Magnowski and Elisha Bala-Gbogbo (Bloomberg) -- Nigerians are braced for trouble as they vote on Saturday in presidential and parliamentary elections following a fractious campaign dominated by a slowing economy and a war against Islamist militants... Full Story

Run of Weekly Declines in Oil-Rig Count at 16 -- Market Talk

The weekly Baker Hughes rig-count report shows a 16th-straight week of declines in active US oil rigs. But the drop moderated the past week, to 12. Still, the 813 operating is a 4-year low and half of the recent high set in October. Meanwhile, US natural-gas rigs fell 9 to 233... Full Story

Financial

Natural Gas Bounces Off Seven-Week Low

By Nicole Friedman NEW YORK--Natural-gas prices ticked higher Monday as traders looked ahead to a last bout of cold weather. Futures for May delivery settled up 0.5 cent, or 0.2%, at $2.644 a million British thermal units on the New York Mercantile Exchange... Full Story

Nymex Crude Settles Down 19 Cents at $48.68/Barrel

Nymex Crude Settles Down 19 Cents at $48... Full Story

Nymex Crude Settles Down 19 Cents at $48.68/Barrel

Nymex Crude Settles Down 19 Cents at $48... Full Story

Oil Prices Fall as Supplies Rise Further

By Nicole Friedman and Georgi Kantchev Oil prices slid Monday amid signs that U.S. supplies are still growing and as the deadline for reaching a deal with Iran on its nuclear program loomed. Light, sweet crude for May delivery dropped 49 cents, or 1%, to $48... Full Story

Natural Gas Futures Fall as Warmer Weather Looms

By Christian Berthelsen Natural gas prices slipped Friday as warmer temperatures crept into the forecasts with the onset of spring, reducing expectations for late-season heating demand that could support the market. The front-month April contract natural gas contract ended down 8... Full Story

Nymex Crude Settles Down $2.56, or 5%, at $48.87 a Barrel

Nymex Crude Settles Down $2.56, or 5%, at $48... Full Story

Releases

ExxonMobil Begins Production at Hadrian South in Gulf of Mexico

ExxonMobil Begins Production at Hadrian South in Gulf of Mexico -- Gross daily production to reach approximately 300 million cubic feet of gas and 3,000 barrels of liquids -- ExxonMobil net daily production from Hadrian South and Lucius to reach more than 45,000... Full Story

Enterprise Group Announces Results for the Fourth Quarter and Full Year 2014

Enterprise Group Announces Results for the Fourth Quarter and Full Year 2014 ST. ALBERT, ALBERTA--(Marketwired - March 30, 2015) - Enterprise Group, Inc... Full Story

Beach Energy Seen Scaling Back After Chevron Exit -- Market Talk

The withdrawal of US oil giant Chevron (CVX) from a gas-exploration venture with Beach Energy (BPT.AU) is a fresh blow to the Australian company, coming hot on the heels of the early redemption of convertible notes worth A$150M, says JPMorgan... Full Story

Enterprise Products CEO to Retire; COO Teague to Take On Role

By Lisa Beilfuss Enterprise Products Partners LP said Chief Executive Michael Creel will retire at year's end after leading the company for five years, to be replaced by Chief Operating Officer A. James Teague. Mr... Full Story

Baker Hughes CEO Craighead Compensation Jumps -- Market Talk

Martin Craighead, CEO of the world's third-largest oilfield services company Baker Hughes (BHI), announced the layoffs of 7,000 of his employees in January amid a slump in oil prices and a planned merger with oil services rival Halliburton (HAL). But so far Mr... Full Story

BP Terminates Seadrill Partners Rig Contract

By Kjetil Malkenes Hovland OSLO--Seadrill Partners LLC said Monday that BP PLC (BP) had terminated a rig contract, which would reduce the rig company's order backlog by $160 million, in another sign that lower oil prices are hurting oil-field services companies... Full Story

Weather

An $8 Billion Push to Cool the Globe Has Poor Countries Steaming

by Alex Nussbaum (Bloomberg) -- A quarter-century after the world banned the chemical compounds blamed for chewing a hole in the ozone layer, the solution to that problem has been tagged as a main instigator of global warming... Full Story

Arctic Melt Brings More Persistent Heat Waves to U.S., Europe

(Bloomberg) -- The U.S., Europe and Russia face longer heat waves because summer winds that used to bring in cool ocean air have been weakened by climate change, German researchers said... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 3-20-2015 Our prediction for week ending 3-20-2015
1479 1490
Weekly change
+12up +23upest

Commodity Prices ($)

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