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Sep 23, 2014

Forecast & Analysis

Another Downer for Oil as Supplies, Worries Mount -- Market Talk

Nymex oil futures fell again today in a continuation of a 3-month downdraft as the re-start of production at Libya's biggest oil field is poised to bring more barrels to a market which already has plenty... Full Story

Falling Oil May Be Worse for LatAm Than Gulf -- Market Talk

Capital Economics contends falling oil prices represents more risks for Latin America countries than those in the Persian Gulf because of debt levels. "Major oil producers in the Gulf stand to lose the most in absolute terms..... Full Story

Dresser-Rand Takeout Should Buoy Oilfield Stocks -- Market Talk

Siemens' (SIE.GR) $6.4B deal for Dresser-Rand (DRC) highlights the big prices industrials are paying for makers of oilfield equipment, says Tudor Pickering... Full Story

Linn Energy: No Surprise, Everyone Loves ExxonMobil Swap -- Barron's Blog

By Ben Levisohn Last week, Linn Energy ( LINE) arranged to swap some assets with ExxonMobil ( XOM)... Full Story

Pump Prices in U.S. Fall to Lowest Since February

By Lynn Doan, Jessica Summers and Lananh Nguyen Sep 22, 2014 Gasoline prices at U.S. pumps, already at a seven-month low, may extend their decline amid falling crude costs that are spurring oil refineries to increase production of the road fuel, according to Lundberg Survey Inc... Full Story

Merkel’s Taste for Coal to Upset $130 Billion Green Drive

By Julia Mengewein Sep 22, 2014 When Germany kicked off its journey toward a system harnessing energy from wind and sun back in 2000, the goal was to protect the environment and build out climate-friendly power generation... Full Story

Top News Stories

Six Energy Firms to Sign U.N.-Brokered Pact to Cut Methane Emissions, Officials Say

By William Mauldin, Amy Harder and Erin Ailworth NEW YORK--Six international energy companies have agreed to work to reduce emissions of methane, a potent greenhouse gas, in partnership with more than a dozen national governments through a new United Nations framework, according to executives... Full Story

Russian Gas Supplies to Central Europe Still Falling

By Nicole Lundeen and Sean Carney VIENNA--Some Central European countries continued to report declines in Russian gas deliveries on Monday as tensions between Ukraine and Russia persist in the run-up to winter... Full Story

Khodorkovsky Redux Concern Falling Short in Russia Market

By Halia Pavliva and Elena Popina Sep 22, 2014 Last week’s detention of Russian billionaire Vladimir Evtushenkov immediately sparked comparisons to the 2003 arrest of Mikhail Khodorkovsky that led to the dismantling of the oil company he founded... Full Story

Western Oil Companies to Continue in Russia Despite Sanctions

By Andrei Ostroukh And Alexander Kolyandr SOCHI, Russia--Western oil companies have pledged their readiness to continue working in Russia despite Western sanctions, which have already put a brand new project into question... Full Story

Canada, U.S. Sign Deal to Boost Energy Cooperation

By Nirmala Menon OTTAWA--Canada and the U.S. signed an agreement Thursday to boost energy collaboration between the two countries, including sharing technical know-how on improving environmental practices in oil and gas development. U.S... Full Story

Russian Billionaires Stung by Ukraine Bristle Over Arrest

By Henry Meyer and Stephen Bierman Sep 18, 2014 The arrest of one of Russia’s oldest billionaires is sending shivers down the backs of business owners already reeling from U.S. and European sanctions over President Vladimir Putin’s policies in Ukraine... Full Story


Natural-Gas Futures Gain on Forecasts for Warmer Weather

By Christian Berthelsen NEW YORK--Natural-gas futures ticked higher Monday as the market took stock of predictions of warm weather for much of the country in the coming weeks and whether that might prompt demand for gas-powered air conditioning. Natural gas for October delivery rose 1... Full Story

Oil Slips as Libyan Production Returns

By Christian Berthelsen Oil prices fell Monday after Libya restarted production at its largest oil field, bringing more barrels to a market already brimming with crude and adding to concerns about weak economic growth and demand... Full Story

Brent Declines on Concern China Growth Slowing; WTI Drops

By Moming Zhou Sep 22, 2014 Brent crude declined for the third time in four days on concern slower growth in China will reduce demand. West Texas Intermediate narrowed its discount to Brent... Full Story

Natural-Gas Futures Edge Higher With Return of Warm Weather

By Christian Berthelsen Natural-gas prices ticked higher Monday as forecasts for the Northeast turned warm, prompting expectations of possible late-season cooling demand powered by gas-fired electricity plants. Gas for October delivery was up 2.7 cents, or 0.7%, to $3... Full Story

Oil Futures Steady as Competing Forces Weigh on Market

By Christian Berthelsen Oil prices chopped around the break-even point Monday, after global supplies tightened a little because of reduced production in Libya, but concerns about oversupply remained in the absence of OPEC cutting output... Full Story

Brent Declines on Concern China Growth Slowing; WTI Drops

By Moming Zhou Sep 22, 2014 Brent crude declined for the third time in four days on concern slower growth in China will reduce demand. West Texas Intermediate narrowed its discount to Brent... Full Story


Royal Dutch Shell plc: Buyback of Own Shares

LONDON, September 22, 2014 /PRNewswire/ -- Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) announces that on 22 September, 2014 it purchased for cancellation 465,580 "A" Shares at a price of 2398.53 pence per share... Full Story

Transocean Ltd. Provides Fleet Update Summary

ZUG, SWITZERLAND-September 22, 2014-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthly Fleet Update Summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since August 21, 2014... Full Story

Canadian Pipeline Operator to Buy Western U.S. Natural Gas Pipe for $1.43 Billion

By Chester Dawson CALGARY, Alberta--Canadian pipeline operator Veresen Inc. said Monday that it has reached a $1.43 billion agreement with New York-based private equity investor Global Infrastructure Partners for that company's 50% stake in a Western U.S. natural gas pipeline... Full Story

Rockefeller Fund Built on Oil to Abandon Fossil Fuels

By Mark Drajem Sep 22, 2014 The Rockefeller Brothers Fund, built with profits from their great-grandfather’s Standard Oil Co., is selling investments in the fossil fuel industry in a move to pressure companies that are adding to climate change... Full Story

Energy Transfer Commences Binding Expansion Open Season for Bakken Pipeline Transport

Energy Transfer Commences Binding Expansion Open Season for Bakken Pipeline Transport Open Season Underpinned by Executed Precedent Agreements to Expand Bakken Pipeline Above 450,000 Barrels Per Day Adds Cushing Hub as Delivery Option DALLAS--(BUSINESS WIRE)--September 22, 2014--... Full Story

Duke Energy supplies additional details on solar projects as part of $500 million commitment

CHARLOTTE, N.C., Sept. 22, 2014 /PRNewswire/ -- Duke Energy today announced a number of partner companies it will use to build three previously announced solar projects in North Carolina by the end of 2015... Full Story


August Was World’s Warmest on Record for Month, NOAA Says

By Brian K. Sullivan Sep 18, 2014 August was the warmest on record for the Earth, the National Oceanic and Atmospheric Administration said. The combined land and sea temperature was 1.35 degrees Fahrenheit above the 20th century average for the month of 60... Full Story

Ready for Winter? The Search for Snow Has Begun in U.S.

By Brian K. Sullivan Sep 18, 2014 The winter desk at the U.S. Weather Prediction Center is open for business. Operations at the College Park, Maryland, center began on the overnight shift Sept. 14, a week before the official end of summer, according to a post on the agency’s Facebook page... Full Story

Hurricane Odile Weakens After Pounding Los Cabos Resorts

By Brian K. Sullivan and Lars Paulsson Sep 15, 2014 Hurricane Odile, the strongest to hit Baja California Sur in decades, weakened slightly as it battered the Mexican peninsula with high winds and rain. Odile went ashore near the resort city of Cabo San Lucas at about 10:45 p.m... Full Story

EIA report for week ending 9-12-2014 Our prediction for week ending 9-12-2014
2891 2890
Weekly change
+90up +89upest

Commodity Prices ($)

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