energy and markets newsletter 0803111

8/3/2019 Energy and Markets Newsletter 0803111

1/7

August 31,2011

Energy Data Highlights

Crude oil futures price8/29/2011: $87.27/bblup$3.15 from week earlierup$12.10 from year earlier

Natural gas futures price8/29/2011: $3.857/mmBtudown$0.032 from week earlierup$0.207 from year earlier

Retail gasoline price8/29/2011: $3.627/galup$0.046 from week earlierup$0.945 from year earlier

Retail diesel price8/29/2011: $3.82/galup$0.010 from week earlier

up$0.882 from year earlier

Weekly coal production8/20/2011: 20.787 million tonsup0.526 million tons from week earlierdown0.404 million tons from year earlier

http://www.eia.gov/

Natural Gas/ Power News

EIA Storage Release 8/25/11 (Actual): +73 BcfPrevious Week: +50 Bcf

-4.6% Change from 1 Year Ago

-1.9% Change 5-year Average

Pennsylvania drives Northeast natural gas production growth

In the Northeastern United States, natural gas production has grown

rapidly since early 2009 as a result of increased drilling activity in the

Marcellus Shale

http://www.eia.gov/todayinenergy/detail.cfm?id=2870

Follow
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RCLC1&f=Dhttp://www.eia.gov/dnav/ng/hist/rngc1d.htmhttp://www.eia.gov/oog/info/gdu/gasdiesel.asphttp://www.eia.gov/oog/info/gdu/gasdiesel.asphttp://www.eia.gov/cneaf/coal/weekly/weekly_html/wcpweek.htmlhttp://www.eia.gov/http://www.eia.gov/todayinenergy/detail.cfm?id=2870http://www.eia.gov/oil_gas/rpd/shale_gas.jpghttp://www.eia.gov/todayinenergy/detail.cfm?id=2870http://www.choiceenergyservices.com/http://twitter.com/#!/Choice_Energyhttp://www.facebook.com/pages/Choice-Energy-Services/204397769603350http://www.linkedin.com/company/choice-energyhttp://www.eia.gov/dnav/ng/hist/rngc1d.htmhttp://www.eia.gov/oog/info/gdu/gasdiesel.asphttp://www.eia.gov/oog/info/gdu/gasdiesel.asphttp://www.eia.gov/cneaf/coal/weekly/weekly_html/wcpweek.htmlhttp://www.eia.gov/http://www.eia.gov/todayinenergy/detail.cfm?id=2870http://www.eia.gov/oil_gas/rpd/shale_gas.jpghttp://www.eia.gov/todayinenergy/detail.cfm?id=2870http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RCLC1&f=D


2/7

U.S. Natural-Gas Production Rises to Highest Since January 2005, EIA

Says

U.S. natural gas production in the lower 48 states increased 0.1 percent in June to

the highest level since at least 2005, the Energy Department said.

http://www.bloomberg.com/news/2011-08-30/u-s-natural-gas-output-rises-to-

highest-since-january-2005-doe-reports.html

EU at tipping point for integrated energy markets: EC

The EU is at a "tipping point" for completing its internal gas and power market, a

senior European Commission official said late Tuesday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8288237

Crude Oil News

OPEC Daily Basket Price 8/26/2011 $107.52

(8/25/2011 $107.61)

Recent Rig Counts

Area

Last

Count

Cou

nt

Change

from Prior

Count

Date of

Prior

Count

Change

from Last

Year

Date of Last

Year's

Count

U.S. 26 Aug11

1975 +1 19 Aug 11 +319 20 Aug 10

Canada 26 Aug11

508 +22 19 Aug 11 +122 20 Aug 10

International

July2011

1150 -8 June 2011 +41 July 2010

http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm

Crude Heads for Monthly Decline in New York as Slower Growth Curbs

Demand

Oil fell, headed for its biggest monthly drop since May in New York, as signs of

swelling inventories and faltering demand countered speculation the U.S. will take

further steps to bolster its economy

http://www.bloomberg.com/news/2011-08-30/crude-in-new-york-declines-after-api-

report-signals-increasing-stockpiles.html

API ANALYSIS: Crude stocks build as imports surge, inputs drop

US crude stocks rose 5.128 million barrels as imports on the Atlantic and West

coasts surged the week ending August 26, an analysis of the oil data released

Tuesday by the American Petroleum Institute.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6426988
http://www.bloomberg.com/news/2011-08-30/u-s-natural-gas-output-rises-to-highest-since-january-2005-doe-reports.htmlhttp://www.bloomberg.com/news/2011-08-30/u-s-natural-gas-output-rises-to-highest-since-january-2005-doe-reports.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8288237http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2011-08-30/crude-in-new-york-declines-after-api-report-signals-increasing-stockpiles.htmlhttp://www.bloomberg.com/news/2011-08-30/crude-in-new-york-declines-after-api-report-signals-increasing-stockpiles.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6426988http://www.bloomberg.com/news/2011-08-30/u-s-natural-gas-output-rises-to-highest-since-january-2005-doe-reports.htmlhttp://www.bloomberg.com/news/2011-08-30/u-s-natural-gas-output-rises-to-highest-since-january-2005-doe-reports.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8288237http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2011-08-30/crude-in-new-york-declines-after-api-report-signals-increasing-stockpiles.htmlhttp://www.bloomberg.com/news/2011-08-30/crude-in-new-york-declines-after-api-report-signals-increasing-stockpiles.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6426988


3/7

Brent Stays Near $114 on U.S. Stimulus Hopes

Brent crude hovered at $114 a barrel on Wednesday after posting six days of

gains on expectations the United States will act again to try to stimulate its

economy and boost fuel demand.

http://www.cnbc.com/id/44334695

NYMEX-Oil falls on large crude stocks buildU.S. crude futures fell on Wednesday, heading for a decline of 7.7 percent in their

biggest monthly loss since May, on fears that another recession in the United

States and a debt crisis in the euro zone could cut fuel demand.

http://uk.reuters.com/article/2011/08/31/markets-asia-nymex-

idUKL4E7JV01720110831

Oil traders track Cushing pipeline raceThe race to de-bottleneck Cushing, the key delivery point for the West Texas

Intermediate crude oil benchmark, with the construction of new pipelines to shipoil to the US Gulf of Mexico, has claimed its first victim.http://www.ft.com/intl/cms/s/0/72f4192c-d3ac-11e0-bc6b-00144feab49a.html#axzz1WQ5Ugjys

More uncertainty for Forties forecasting

Forties Blend crude, the increasingly variable basis for the price of a huge

proportion of globally-traded oil has become even more unpredictable. Oil major

BP Plc , the operator of the Forties pipeline, has quietly switched to forecasting

Forties output on an "unstabilized" basis, according to North Sea crude traders.

http://www.commodities-now.com/reports/power-and-energy/7638-more-

uncertainty-for-forties-forecasting.html

BP funds Texas researchers for Gulf oil spill studyTwo Texas groups are among the first to receive grants from BPs Gulf of MexicoResearch Initiative to study how last years massive oil spill impacted theenvironment and to develop methods to better respond to future spillshttp://fuelfix.com/blog/2011/08/31/bp-funds-texas-researchers-for-gulf-oil-spill-study/

Libya sees oil output at pre-war levels in 15 months

Libya's oil production can restart within weeks and reach full pre-war output

within 15 months, the newly-appointed chairman of the country's National Oil

Corporation (NOC) said on Tuesday.

http://www.commodities-now.com/news/power-and-energy/7639-libya-sees-oil-

output-at-pre-war-levels-in-15-months.html
http://www.cnbc.com/id/44334695http://uk.reuters.com/article/2011/08/31/markets-asia-nymex-idUKL4E7JV01720110831http://uk.reuters.com/article/2011/08/31/markets-asia-nymex-idUKL4E7JV01720110831http://www.commodities-now.com/reports/power-and-energy/7638-more-uncertainty-for-forties-forecasting.htmlhttp://www.commodities-now.com/reports/power-and-energy/7638-more-uncertainty-for-forties-forecasting.htmlhttp://www.commodities-now.com/reports/power-and-energy/7638-more-uncertainty-for-forties-forecasting.htmlhttp://fuelfix.com/blog/2011/08/31/bp-funds-texas-researchers-for-gulf-oil-spill-study/http://griresearchboard.org/http://griresearchboard.org/http://fuelfix.com/blog/2011/08/31/bp-funds-texas-researchers-for-gulf-oil-spill-study/http://fuelfix.com/blog/2011/08/31/bp-funds-texas-researchers-for-gulf-oil-spill-study/http://www.commodities-now.com/news/power-and-energy/7639-libya-sees-oil-output-at-pre-war-levels-in-15-months.htmlhttp://www.commodities-now.com/news/power-and-energy/7639-libya-sees-oil-output-at-pre-war-levels-in-15-months.htmlhttp://www.commodities-now.com/news/power-and-energy/7639-libya-sees-oil-output-at-pre-war-levels-in-15-months.htmlhttp://www.cnbc.com/id/44334695http://uk.reuters.com/article/2011/08/31/markets-asia-nymex-idUKL4E7JV01720110831http://uk.reuters.com/article/2011/08/31/markets-asia-nymex-idUKL4E7JV01720110831http://www.commodities-now.com/reports/power-and-energy/7638-more-uncertainty-for-forties-forecasting.htmlhttp://www.commodities-now.com/reports/power-and-energy/7638-more-uncertainty-for-forties-forecasting.htmlhttp://www.commodities-now.com/reports/power-and-energy/7638-more-uncertainty-for-forties-forecasting.htmlhttp://fuelfix.com/blog/2011/08/31/bp-funds-texas-researchers-for-gulf-oil-spill-study/http://griresearchboard.org/http://griresearchboard.org/http://fuelfix.com/blog/2011/08/31/bp-funds-texas-researchers-for-gulf-oil-spill-study/http://fuelfix.com/blog/2011/08/31/bp-funds-texas-researchers-for-gulf-oil-spill-study/http://www.commodities-now.com/news/power-and-energy/7639-libya-sees-oil-output-at-pre-war-levels-in-15-months.htmlhttp://www.commodities-now.com/news/power-and-energy/7639-libya-sees-oil-output-at-pre-war-levels-in-15-months.htmlhttp://www.commodities-now.com/news/power-and-energy/7639-libya-sees-oil-output-at-pre-war-levels-in-15-months.html


4/7

ExxonMobil signs Russian oil pactExxon Mobil and the Russian oil firm Rosneft agreed to a deal Tuesday to begin

joint operations on Russias Arctic Sea shelf and in the deep waters of the BlackSea, far to the south.http://www.washingtonpost.com/world/exxonmobil-signs-russian-oil-pact/2011/08/30/gIQApIvypJ_story.html

BP closes $7.2 billion deal with India's Reliance

BP has completed its $7.2 billion deal to acquire 30% stakes in 21 oil and gas

blocks from India's Reliance Industries, BP said Tuesday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8282813

Weather

Tropical Storm KATIA

http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/310836.shtml

6 to 10 Day

Outlooks
http://www.washingtonpost.com/world/exxonmobil-signs-russian-oil-pact/2011/08/30/gIQApIvypJ_story.htmlhttp://www.washingtonpost.com/world/exxonmobil-signs-russian-oil-pact/2011/08/30/gIQApIvypJ_story.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8282813http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/310836.shtmlhttp://www.nhc.noaa.gov/refresh/graphics_at2+shtml/?5-daynl?large#contentshttp://www.washingtonpost.com/world/exxonmobil-signs-russian-oil-pact/2011/08/30/gIQApIvypJ_story.htmlhttp://www.washingtonpost.com/world/exxonmobil-signs-russian-oil-pact/2011/08/30/gIQApIvypJ_story.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8282813http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/310836.shtml


5/7

Temperature

Precipitation
http://www.cpc.ncep.noaa.gov/products/predictions/610day/610prcp.new.gifhttp://www.cpc.ncep.noaa.gov/products/predictions/610day/610temp.new.gif


6/7

8 to 14 day Outlooks

Temperature

Precipitation
http://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gif


7/7
http://www.cpc.ncep.noaa.gov/products/predictions/814day/814prcp.new.gif

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