Featured Articles

Oct 31, 2014

Forecast & Analysis

Scary Halloween for Exxon, Chevron -- Ahead of the Tape

By Spencer Jakab It is fitting that oil majors Exxon Mobil Corp. and Chevron Corp. are releasing third-quarter results on Halloween. Energy investors are downright spooked by the rapid drop in crude prices in the past several weeks... Full Story

Financial Hedging Caused Recent Oil Losses: MS -- Market Talk

There's been a lot of murmuring in crude markets that large put option volume contributed to the selloff that has brought oil prices down about 25% in recent months... Full Story

Oil Price Slump Unbalances Majors' Budgets -- Heard on the Street

By Helen Thomas All together now--and squeeze. Just as Europe's oil and gas companies were getting close to covering capital spending and dividends with operating cash flow, along comes a slump in the oil price... Full Story

Shale Energy Producers Can Tolerate Lower Oil Prices -- Market Talk

Current oil prices are not hurting American energy companies, said Jim Teague, chief operating officer of Enterprise Products Partners (EPD). "I can't predict oil prices or what OPEC will do or will not do, but $80 oil is not killing the US shale producers," he said today on an earnings call... Full Story

M&A in Oil Sector Likely to Remain on Hold for Now -- Market Talk

The recent sudden slide in oil prices could put a hiatus on M&A in the oil sector, at least until prices stabilise, says Michael O'Dwyer, managing director and co-head of EMEA natural resources at Morgan Stanley... Full Story

Putin Russia Has Most Profit, Worst Emerging Market Value

By Ye Xie and Halia Pavliva Oct 30, 2014 The weakening ruble is proving to be a silver lining for stocks that account for the majority of sales on the benchmark Micex index... Full Story

Top News Stories

Saudi Arabia Officials Divided on How to Respond to Oil-Price Drop

By Summer Said, Benoît Faucon and Sarah Kent While international oil prices have plunged this month, Saudi Arabia's normally talkative oil minister Ali al-Naimi has been on vacation. Mr... Full Story

Case for U.S. Oil Exports Seen Strengthened by Study

By Dan Murtaugh and Lynn Doan Oct 30, 2014 The U.S. Energy Department said the nationís gasoline prices are linked to international crude oil, a conclusion that backs those in favor of lifting 39-year-old restrictions on crude exports... Full Story

Nigerian Bank Debt Taps Turned Off by Oil-Price Slump

By Emele Onu and Paul Wallace Oct 30, 2014 Central bank rules to curb foreign-currency borrowing by Nigerian lenders threaten to halt Eurobond sales by banks in Africaís biggest oil producer as lower crude prices heighten risks to the naira... Full Story

Argentine Lawmakers Approve Hydrocarbons Law to Boost Investment

By Charlie Devereux Oct 30, 2014 Argentine lawmakers approved a revision of the oil law to include regulations for shale and offshore oil and gas exploration as the nation seeks to boost investment in its Vaca Muerta formation... Full Story

Gasoline Price Study to Fuel Debate on U.S. Oil Exports

By Brian Wingfield and Jim Snyder Oct 29, 2014 The push to end a four-decade limit on exporting U.S. oil may get a boost from a government study set for release as soon as today that will explain the relationship between crude oil and domestic gasoline prices... Full Story

Jack Lew: Oil Price Slump Won't Hurt the U.S.

By Matina Stevis JOHANNESBURG--Persistently low oil prices won't impact U.S. economic policy in any significant way, but they might force oil-reliant nations to become more cooperative, Treasury Secretary Jack Lew said Wednesday... Full Story

Financial

Natural Gas Rises as Temperatures Get Set to Drop

By Christian Berthelsen Natural gas futures rose Thursday after the first blast of cold fall weather appeared in forecasts and weekly inventory data came in according to expectations. Natural gas for December delivery rose 3.9 cents, or 1%, to settle at $3... Full Story

Oil Prices Fall on Stronger Dollar, Growing Crude Supplies

By Christian Berthelsen Oil prices fell on Thursday, as the dollar strengthened and growing crude supplies continued to contribute to bearish market sentiment. The price of light, sweet crude for December fell $1.08, or 1.3%, to settle at $81.12 a barrel on the New York Mercantile Exchange... Full Story

Crude Falls on Federal Reserve Stimulus Halt, U.S. Supply

By Mark Shenk Oct 30, 2014 West Texas Intermediate oil fell after the Federal Reserve ended its asset-purchase program and U.S. crude production surged to the highest level since the 1980s. Brent declined in London. Futures slipped 1.3 percent in New York... Full Story

Oil Prices Slip Against Stronger Dollar

By Nicole Friedman Oil prices ticked lower Thursday as the dollar strengthened and high supplies continued to hold prices near multiyear lows. Light, sweet oil for December delivery recently fell 71 cents, or 0.9%, to $81.49 a barrel on the New York Mercantile Exchange... Full Story

Natural Gas Holds Gains as Inventories Meet Expectations

By Christian Berthelsen and Nicole Friedman Natural gas prices held gains Thursday as weekly inventory data came in largely in line with estimates, and forecasts for cold weather prompted expectations for gas-fired heating demand. Natural gas for December delivery was up 2.8 cents, or 0... Full Story

Crude Falls on Federal Reserve Stimulus Halt, U.S. Supply

By Mark Shenk Oct 30, 2014 West Texas Intermediate oil fell after the Federal Reserve ended its asset-purchase program and U.S. crude production surged to the highest level since the 1980s. Brent declined in London. Futures slipped as much as 1.6 percent in New York... Full Story

Releases

Total Well Placed to Weather Oil-Price Volatility, CEO Says

By Sarah Kent LONDON--French oil major Total SA is well placed to weather the recent oil-price volatility, with new production scheduled to come on stream over the next two years set to bolster the company, its new Chief Executive Patrick Pouyanné told a London industry conference Thursday... Full Story

Royal Dutch Shell plc: Buyback of Own Shares

LONDON, October 30, 2014 /PRNewswire/ -- Royal Dutch Shell plc (NYSE: RDS.A)(NYSE: RDS.B) announces that on 30 October, 2014 it purchased for cancellation 981,700 "A" Shares at a price of 2217.35 pence per share... Full Story

Shell Profit Increases as Refining Trumps Lower Oil Prices

By Jillian Ward Oct 30, 2014 Royal Dutch Shell Plc (RDSA) said third-quarter profit rose 31 percent, beating estimates, as earnings from refining and natural gas countered the impact of lower crude prices at Europeís biggest oil company... Full Story

ConocoPhillips Becomes First to Cut Spending on Lower Oil

By Bradley Olson Oct 30, 2014 ConocoPhillips became the first major oil company to announce plans to reduce spending due to falling crude prices as drilling in some emerging North American fields becomes less profitable. The third-largest U.S... Full Story

Statoil to Invest $1.5 Billion in Gulf of Mexico Development

By Dominic Chopping Norwegian oil major Statoil ASA (STO) said Thursday that together with co-owners of the Stampede development in the Gulf of Mexico they have sanctioned the project. Statoil will invest $1.5 billion in the development, which is expected to begin production in 2018... Full Story

Royal Dutch Shell Posts Rise in Profit

By Justin Scheck and Ian Walker LONDON-- Royal Dutch Shell PLC on Thursday reported a 24% jump in third-quarter earnings, bucking falling oil prices and the recent sagging profits of its European peers. The Anglo-Dutch energy giant also named Charles O... Full Story

Weather

Shrinking Arctic Ice May Cause Colder Winters

Heating oil and natural gas suppliers should brace for higher demands from European customers experiencing unusually cold winters in years ahead --- an unexpected side effect of declining Arctic sea ice... Full Story

Hurricane Mapís Gulf of Mexico X Isnít 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, itís 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 itís projected to be the worst storm to hit the territory since Fabian in 2003... Full Story

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NATURAL GAS STORAGE*
EIA report for week ending 10-17-2014 Our prediction for week ending 10-24-2014
3393 3475
Weekly change
+94up +82upest

Commodity Prices ($)

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