Featured Articles

Jul 25, 2014

Forecast & Analysis

Permian Oil Glut to Ease by Next Year -- Market Talk

Oil prices in Midland, Texas, have fallen to more than $10/barrel below WTI prices in recent weeks, but that discount should narrow later this year and next, says Simmons & Co International. Production in the Permian Basin in West Texas has boomed to 1... Full Story

Statoil CEO Expects European Gas Price Hike -- Market Talk

[Dow Jones]--Statoil's (STO) Chief Executive Helge Lund says the company took its foot off the pedal on Norway gas production in the second quarter due to low European prices, but expects those prices to rise. "We believe the market will strengthen," says Mr... Full Story

Libya Crude's Return Soothes Market Says Sucden-- Market Talk

[Dow Jones]--Brent crude has re-entered a trading range after spiking last month on Iraq fears. Kash Kamal at Sucden Research says that Libyan oil's return has allowed the market to relax somewhat: "Ample supply as Libyan output ramps-up pace has largely erased the risk premium," he writes... Full Story

Note to Oil Market: Don't Forget Iraq -- Market Talk

With so much focus on Ukraine and Gaza it's easy to forget that a month ago the price of oil was being driven by events in Iraq. Petromatrix says the time is right to again increase the geopolitical risk premium for the Middle Eastern country... Full Story

U.S. Refiners to Ship Most Fuel to Europe Since November

By Priyanka Sharma Jul 24, 2014 Traders booked the most tankers in eight months to ship diesel and heating oil to Europe from the U.S. Gulf, where refining is surging as a consequence of Americaís rising crude production... Full Story

IMF Cuts 2014 Global Forecast After Slowdowns From China to U.S.

By Sandrine Rastello Jul 24, 2014 The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices. The world economy will advance 3... Full Story

Top News Stories

German Utilities Bail Out Electric Grid at Windís Mercy

By Julia Mengewein Jul 25, 2014 Germanyís push toward renewable energy is causing so many drops and surges from wind and solar power that the government is paying more utilities than ever to help stabilize the countryís electricity grid... Full Story

Ukraine Coalition Government Collapses as 2 Parties Quit

By Daria Marchak Jul 24, 2014 Ukraineís coalition collapsed after two parties quit during a months-long pro-Russian insurgency in the nationís east that downed a Malaysian Air jet last week... Full Story

Malaysia Jet Probe Seeks Rocket Trace in Black Boxes, Bodies

By Chris Jasper Jul 24, 2014 The black boxes from the downed Malaysian jet have begun giving up information a week after the tragedy in east Ukraine, with the examination of bodies also under way as crash experts seek evidence of a missile strike. The U.K... Full Story

Prudent Russia Sanctions Urged by Merkel Business Lobby

By Patrick Donahue Jul 24, 2014 German Chancellor Angela Merkel should be prudent in seeking sanctions on Russia aimed at shaking President Vladimir Putinís support for Ukrainian rebels, the head of a business lobby tied to her party said... Full Story

Russia Oil Exports by Sea to Reach 6-Year Low on Refining

By Jake Rudnitsky Jul 24, 2014 Russiaís crude exports on tankers are poised to fall to the lowest in at least six years as a government push to improve and expand domestic refineries means more oil is exported as fuels like diesel... Full Story

Energy Up on Tight U.S. Supplies -- Energy Roundup

Shares of oil-and-gas companies rose alongside oil prices Wednesday as a U.S. inventory report showed tightening supplies. Crude-oil stockpiles fell by almost 4 million barrels to 371.1 million barrels in the week ended July 18, the U.S... Full Story

Financial

Natural-Gas Prices Dropping as Mild Summer Forecasts Stretch Into August

By Timothy Puko NEW YORK--Natural-gas prices have pared about half of the prior session's gains as unseasonably cool weather now appears poised to expand in August. Natural gas for August delivery is down 5.2 cents, or 1.2%, at $3... Full Story

WTI Crude Erases Decline to Trade Near $102; Brent Gains

By Mark Shenk Jul 25, 2014 West Texas Intermediate crude erased a 1 percent decline to trade near $102 a barrel on the New York Mercantile Exchange. Brent advanced. WTI for September delivery dropped 8 cents to $101.99 a barrel at 10:59 a.m. in New York... Full Story

Natural-Gas Prices Climb on Smaller-Than-Expected Add to Inventories

By Timothy Puko NEW YORK--Natural-gas futures prices closed up for the first time in a week after a weekly U.S. stockpile report showed a smaller surplus than expected. Prices for the front-month August contract settled up 8.5 cents, or 2.3%, to $3... Full Story

Oil Prices Slip as Traders Mull U.S. Supplies, Global Crises

By Daniel Huang Oil prices ended lower Thursday despite shrinking U.S. crude supplies and crises in Eastern Europe and the Middle East. Light, sweet crude for September delivery fell $1.05, or 1%, at $102.07 a barrel, the lowest closing price since July 16 on the New York Mercantile Exchange... Full Story

Natural-Gas Prices Climb on Smaller-Than-Expected Add to Inventories

By Timothy Puko NEW YORK--Natural-gas futures prices were are climbing on Thursday for the first time in a week, after a weekly U.S. stockpile report showed a smaller surplus than expected. Producers added 90 billion cubic feet of gas to storage in the week ended July 18, the U.S... Full Story

Oil Prices Slip as Traders Mull U.S. Supplies, Global Crises

By Daniel Huang Oil futures slipped Thursday despite government storage data indicating shrinking supplies and geopolitical crises in Eastern Europe and the Middle East. Light, sweet crude for September delivery edged down 52 cents, or 0.5%, at $102... Full Story

Releases

Rosneft's Production Surges, But Profit Lags Rivals -- Market Talk

Russia's OAO Rosneft boosts oil and gas production 4.6% to 5 million barrels a day in 2Q, the state-controlled company reports Friday. That's a million barrels a day more than Exxon Mobil. But Rosneft's $4.9B quarterly profit, up nearly fivefold from a year ago, is still meager by Exxon's standards... Full Story

RSP Permian, Inc. Announces Northern Midland Basin Acquisitions

DALLAS, July 25, 2014 /PRNewswire/ -- RSP Permian, Inc... Full Story

Statoil Profit Drops 12% in Second Quarter on Lower Output

By Mikael Holter Jul 25, 2014 Statoil ASA (STL), Norwayís biggest energy company, said profit fell 12 percent in the second quarter as gas prices slid and output sank on maintenance and asset sales. Adjusted net income dropped to 9.9 billion kroner ($1.6 billion) from 11... Full Story

Ecopetrol to Study Rubiales Field Future as STAR Pilot Ends

By Andrew Willis and Oscar Medina Jul 24, 2014 Ecopetrol SA (ECOPETL) is in no rush to decide the future of Colombiaís largest oil field, with the government saying that a technology being developed by Pacific Rubiales Energy Corp. (PRE) is one of many options that could be used... Full Story

Husky Energy Announces 2014 Second Quarter Dividend

CALGARY, ALBERTA--(Marketwired - July 24, 2014) - The Board of Directors of Husky Energy (TSX:HSE) has declared a quarterly dividend of $0.30 (Canadian) per share on its common shares for the three-month period ended June 30, 2014... Full Story

Centrica Confirms Talks With BP's Conn Who May Succeed Laidlaw as Chief Executive

By Razak Musah Baba and Ian Walker LONDON--U.K.-based utility firm Centrica PLC (CNA.LN) confirmed Thursday that it has been, and continues to be, in discussions with BP PLC's (BP.LN) Board Director Iain Conn about the possibility of him succeeding Sam Laidlaw as CEO of Centrica... Full Story

Weather

Japan City Evacuates 90,000 as Typhoon Nears Kyushu

By Jacob Adelman and Brian K. Sullivan Jul 9, 2014 Typhoon Neoguri weakened to a tropical storm as it moved toward Japanís southernmost main island of Kyushu after prompting the evacuation of almost 90,000 people amid threats of floods and landslides... Full Story

Arthur Leaves Thousands in Atlantic Canada Without Power

By Gerrit De Vynck Jul 7, 2014 Crews are working to bring back electricity to thousands of homes in Atlantic Canada after post-tropical storm Arthur swept through the area... Full Story

Arthur Strengthens to Become First Atlantic Hurricane

By Brian K. Sullivan, Heesu Lee and Naomi Christie Jul 3, 2014 Arthur strengthened off the coast of North Carolina to become the first hurricane of the Atlantic season, packing maximum winds of 75 miles (120 kilometers) per hour... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 7-11-2014 Our prediction for week ending 7-18-2014
2129 2223
Weekly change
+107up +94upest

Commodity Prices ($)

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