Featured Articles

Nov 27, 2015

Forecast & Analysis

Oil Spending Hits Contractors -- Market Talk

Rock-bottom oil prices are not just affecting oil majors. International contractors are taking a pounding since capital spending in the oil sector started to free fall... Full Story

Crude Oil Inventory Level is "Alarming" -- Market Talk

Unless there has been a huge structural change in the market which demands a higher inventory level, 65 days of cover of oil inventories and rising is alarming, PVM says in a note... Full Story

Energy Companies Risk $2.2 Trillion as Climate Goals Cut Demand

By Rakteem Katakey November 24, 2015 Oil, natural gas and coal producers are risking $2... Full Story

Top-Ranked Analyst Now Says Buy Maersk After Stock Got Pummeled

By Christian Wienberg November 25, 2015 The top-ranked analyst covering A.P. Moeller-Maersk has turned bullish on the stock... Full Story

Analysts Forecast 1.1 Million-Barrel Rise in Crude Stocks

By Nicole Friedman NEW YORK--U.S. crude-oil stocks are expected to show an increase in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates from 12 analysts surveyed showed that U.S... Full Story

Saudi Arabia's Oil Price Dilemma -- Market Talk

Saudi Arabia could be persuaded to cut production if it thinks that prices will lurch lower than $30 a barrel and seriously affect future production, says Swiss-based analysts Petromatrix... Full Story

Top News Stories

Russian Jet Fans Geopolitical Flames -- Market Talk

The recent downing of a Russian jet by Turkey could raise geopolitical tensions in the Middle East to such an extent that it starts to affect oil prices, according to Germany's Commerzbank... Full Story

The Climate Talks in Paris Might Actually Work This Time

By Alex Morales November 24, 2015 United Nations climate talks set to begin in Paris next week promise to produce a landmark deal that has eluded diplomats for more than two decades... Full Story

Introducing the New OPEC Member That Likes Lower Oil Prices

By Grant Smith November 25, 2015 After defending the interests of oil-exporting nations for five decades, OPEC has made a surprising choice with its newest member: a country that consumes about twice as much crude as it pumps... Full Story

Mexico Reaps Record $6.4 Billion in Oil Hedge Win, Minister Says

By Adam Williams, Patricia Laya and Javier Blas November 24, 2015 Mexico is reaping record financial returns from its oil hedge this year. After locking in crude sales at $76.40 a barrel, Mexico will receive $6... Full Story

Putin: Downing of Russian Jet by Turkey 'a Stab in the Back'

By James Marson MOSCOW--Russian President Vladimir Putin called the downing of a Russian jet fighter by a Turkish plane "a stab in the back, carried out by accomplices of terrorists," saying the plane was in Syrian territory and posed no threat to Turkey. Mr... Full Story

Germany's Economic Resilience Should Reassure Investors --Heard on the Street

By Richard Barley Europe is showing some core strength. The initial reading of German growth in the third quarter, at 0.3% from a quarter earlier or 1.3% annualized, looked disappointing. But the breakdown of growth and renewed strength in survey data are pointing to resilience... Full Story


Oversupply Concerns Eclipse Mounting Mideast Tensions as Oil Price Falls

By Neanda Salvaterra and Georgi Kantchev LONDON--Oil prices fell Wednesday as concerns about oversupply in the market eclipsed worries about the tensions in the Middle East following the downing of a Russian military jet along the border between Syria and Turkey that sparked a furious response... Full Story

Natural Gas Sinks on Warmer Weather Outlook

By Nicole Friedman NEW YORK--Natural-gas prices slid Tuesday on expectations that weekly inventory data would show natural-gas supplies at a new record high. Natural gas is widely used as an indoor-heating fuel, and warmer-than-normal weather in recent weeks has lowered consumption... Full Story

Natural Gas Sinks on Warmer Weather Outlook

By Nicole Friedman NEW YORK--Natural-gas prices slid Tuesday as forecasts saw warmer weather, reducing demand expectations. Natural gas is widely used as an indoor-heating fuel and warmer-than-normal weather at this time of year lowers consumption... Full Story

Oil Price Recovery Down To Trading Pre Thanksgiving -- Market Talk

The mild oil price recovery of the last two days has been attributed to short covering, the market term for buying back a futures contract you have already sold, says the New York-based Energy Management Institute... Full Story

Natural Gas Prices Rise Off Lows

By Nicole Friedman NEW YORK--Natural gas futures rose Monday on calls for stronger demand despite concerns about record-high amounts of fuel in storage. Natural gas prices fell to a four-week low Friday due to rising inventories and weak demand... Full Story

Nymex Crude Settles Down 15 Cents At $41.75/Barrel

Nymex Crude Settles Down 15 Cents At $41... Full Story


Oil Majors Cautiously Await Iran's New Contracts -- Market Talk

The global oil industry is gearing up for an overhaul of Iranian oil contracts next week, but oil majors are waiting to see whether Tehran will adopt a more traditional, but less attractive, contractual model widely-used in Iran prior to sanctions or not, law firm Pinsent Masons says... Full Story

PetroChina in $2.4 Billion Asset Sale as Parent Target Nears

By Aibing Guo November 25, 2015 PetroChina Co. plans to sell its stake in a pipeline company for as much as 15.5 billion yuan ($2.4 billion) as the nationís biggest oil and gas producer seeks to meet year-end profit targets and focus on exploration amid a slump in energy prices... Full Story

Koch Industries Blasts Swapping Oil Exports for Renewable Credit

By Jennifer A Dlouhy November 24, 2015 Koch Industries Inc.ís top lobbyist is warning against extending renewable-power tax incentives in exchange for lifting the longstanding ban on exporting U.S. crude... Full Story

Prudent for BHP To Cut Dividend, Says Investec -- Market Talk

"BHP Billiton is a victim of its own success, with the growth in its dividend over the past 15 years having now outpaced the company's ability to deliver the requisite earnings to support it," says Investec Securities... Full Story

Seadrill Turns to Loss on $1.8 Billion Writedown in Oil Rout

By Mikael Holter November 24, 2015 Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, reported its first quarterly loss since 2011 as a collapse in oil prices reduced demand for its rigs. The net loss of $1... Full Story

Rockhopper Agrees to Buy Falkland Oil in $87 Million Deal

By Jesse Riseborough November 24, 2015 Rockhopper Exploration Plc agreed to buy Falkland Oil & Gas Ltd. in an all-share deal that values the explorer at 57.1 million pounds ($87 million). Rockhopper will issue Falkland investors 0... Full Story


EIA report for week ending 11-06-2015 Our prediction for week ending 11-20-2015
3985 4001
Weekly change
+54up +1upest

Commodity Prices ($)

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