Featured Articles

Oct 23, 2014

Forecast & Analysis

Two More Oil Stocks to Buy Now -- Barron's Blog

By Ben Levisohn Yesterday, my colleagues in Asia argued for a bounce back in oil prices and offered some Asian stocks that could benefit if that were to occur. I followed that up with a post for U.S. investors... Full Story

Wilbur Ross Sees Gains in Texas Shale as Venezuela Struggles

By David Carey Oct 22, 2014 Wilbur Ross, the investor who’s made billions betting on on-out-favor industries, is bullish on Texas oil after its recent tumble... Full Story

Hedge Funds Take Another Hit as Spinoff Stocks Fizzle

By Liz Hoffman And Rob Copeland Corporate slim-downs aren't the moneymakers they once were for investors. U.S. companies looking to focus on their core businesses are spinning off or selling divisions at a record pace, moves that, in the past, have given shares a healthy boost... Full Story

Analysts Forecast 3.1 Million-Barrel Build in Crude Stocks

By Nicole Friedman NEW YORK--U.S. crude-oil stocks are expected to rise 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

Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom

By Isaac Arnsdorf and Bradley Olson Oct 21, 2014 The bear market in oil has analysts reassessing the U.S. shale boom after five years of historic growth. The U.S. benchmark price dropped to $79.78 a barrel on Oct. 16, the lowest since June 2012. At that level, one-third of U.S... Full Story

Russia Loses Oil Ally in De Margerie After Moscow Crash

By Matthew Campbell and Tara Patel Oct 21, 2014 Christophe de Margerie’s last act as chief executive officer of Total SA (FP) left no room for doubt about his feelings toward Vladimir Putin’s Russia... Full Story

Top News Stories

Senator Broaches Changing Size of Oil Reserves

In a letter sent today, Senator Ron Wyden (D., Ore... Full Story

Russia's Economy Stalls Amid Western Sanctions, Oil Price Drop

By Alexander Kolyandr, Andrey Ostroukh in Moscow and Chiara Albanese in London Russia's economy--battered by Western sanctions and falling prices for oil, its main export--stalled in September even as inflation hit the highest levels in months, data showed Wednesday... Full Story

Libya OPEC Governor Says Group Must Cut Daily Oil Output

By Wael Mahdi Oct 22, 2014 OPEC needs to reduce crude output by at least 500,000 barrels a day, Libya’s governor to the group said, the first time since prices plunged into a bear market that a representative from a member nation has suggested how much production should be cut... Full Story

U.S. Crude Oil Stocks Rise More Than Expected

NEW YORK--U.S. crude stockpiles rose more than expected in the week ended Oct. 17, according to data released Wednesday by the U.S. Energy Information Administration. Crude-oil stockpiles surged by 7.1 million barrels to 377... Full Story

Falling Commodity Prices Lift India's Economy

By Biman Mukherji HONG KONG--The slump in global commodity prices, especially for energy, is proving a boon to India. The country's economy is one of the world's most sensitive to energy prices because India is a heavy importer of fuel... Full Story

Libya’s Rival Regimes Keep Oil Flowing From Split Nation

By Saleh Sarrar and Maher Chmaytelli Oct 22, 2014 Libya’s warring factions have pledged to keep the North African country’s crude flowing, putting pressure on other OPEC nations to curb output when the group supplying 40 percent of the world’s oil meets next month... Full Story

Financial

Natural Gas Closes at New 11-Month Low as Traders Expect Big Surplus

By Timothy Puko NEW YORK--Natural-gas prices set a new bottom for 2014 for the second time this week as traders expect news on a big addition to winter stockpiles. The front-month November contract settled down 5.2 cents, or 1.4%, to $3... Full Story

U.S. Oil Prices Hit New Low as Supplies Rise

By Nicole Friedman U.S. oil prices slumped to a 27-month low Wednesday as domestic crude supplies grew more than expected. The amount of crude stored in the U.S. surged by 7.1 million barrels last week, more than double the 3.1 million barrels forecast in a Wall Street Journal survey. At 377... Full Story

WTI Falls as U.S. Inventories Increase More Than Expected

By Moming Zhou Oct 22, 2014 West Texas Intermediate crude fell to the lowest in more than two years after an Energy Information Administration report showed U.S. inventories increased more than forecast last week. Stockpiles climbed 7.11 million barrels in the week ended Oct... Full Story

Natural Gas Inches Down as Oversupply Continues

By Timothy Puko NEW YORK--Natural-gas prices inched lower Wednesday, as comfortable weather and soft demand continued to encourage selling. Natural gas for November delivery fell 1.9 cents, or 0.5%, at $3.692 a million British thermal units at the New York Mercantile Exchange... Full Story

Oil Prices Rise Ahead of Supply Data

By Nicole Friedman Oil prices continued to rise Wednesday off the prior week's multiyear lows as traders anticipated that U.S. data could show a relatively small build in oil supplies. Light, sweet crude for December delivery rose 19 cents, or 0.2%, to $82... Full Story

WTI Little Changed Before Inventory Report; Brent Gains

By Moming Zhou Oct 22, 2014 West Texas Intermediate crude was little changed before an Energy Information Administration report that may show U.S. inventory growth slowed. Brent rose. Crude stockpiles may have increased 3 million barrels in the week ended Oct. 17, a Bloomberg survey showed... Full Story

Releases

Rosneft Seeks More Aid from Russian Government

By Alexander Kolyandr MOSCOW--Russia's largest oil company, state-controlled Rosneft, has asked the government for over 2 trillion rubles ($49 billion) in aid to weather Western sanctions, Finance Minister Anton Siluanov said Wednesday, according to local news agencies... Full Story

Kinder Morgan Merger Transactions to Be Voted on Nov. 20, 2014

HOUSTON--(BUSINESS WIRE)--October 22, 2014-- Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P... Full Story

Oil Search Raises Dividend as LNG Starts to Flow

By Ross Kelly SYDNEY-- Oil Search Ltd. said it would dramatically increase the size of dividend payments to shareholders after it completed a sweeping strategic review of its business... Full Story

Kinder Morgan May Be Good for Investors, But Some Will Get Tax Bills -- Market Talk

Kinder Morgan shareholders soon will have their say on the company's proposal to consolidate its four separate but interlocking entities into one. Each company has set Nov. 20 as the date of a special meeting to vote on the proposal, which was announced in August... Full Story

Total Appoints Pouyanne as CEO; Desmarest as Chairman

By Tara Patel and Nidaa Bakhsh Oct 22, 2014 Total SA (FP) appointed Patrick Pouyanne as chief executive officer, succeeding Christophe de Margerie who was killed in a plane crash earlier this week... Full Story

Royal Dutch Shell Sells More Nigerian Assets

By Benoît Faucon and Alexis Flynn Royal Dutch Shell PLC said Tuesday it has signed agreements to sell all of the Nigerian oil assets it put up for sale last year, the latest move by the Anglo-Dutch oil major to reduce its exposure to the West African nation... 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