Energy and Markets Newsletter 0801511

8/3/2019 Energy and Markets Newsletter 0801511

1/3

August 15,2011

Energy Data Highlights

Crude oil futures price8/11/2011: $85.72/bbldown$0.91 from week earlierup$7.70 from year earlier

Natural gas futures price8/11/2011: $4.108/mmBtuup$0.167 from week earlierdown$0.222 from year earlier

Weekly coal production8/6/2011: 20.466 million tonsup0.299 million tons from week earlierdown0.183 million tons from year earlier

Natural gas inventories8/5/2011: 2,783 Bcfup25 Bcf from week earlier

down197 Bcf from year earlier

Crude oil inventories8/5/2011: 349.8 mmbbldown5.2 mmbbl from week earlierdown5.2 mmbbl from year earlier

http://www.eia.gov/

Natural Gas/ Power News

EIA Storage Release 8/11/11 (Actual): +25 BcfPrevious Week: +44 Bcf-6.6% Change from 1 Year Ago-2.8% Change 5-year Average

ICE claims CME argument to eliminate natural gas limit is flawed

In the latest chapter in their long-standing feud, IntercontinentalExchange is

fighting CME Group's attempts to eliminate a conditional limit on financially

settled natural gas contracts

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6373094

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/cneaf/coal/weekly/weekly_html/wcpweek.htmlhttp://ir.eia.gov/ngs/ngs.htmlhttp://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCESTUS1&f=Whttp://www.eia.gov/http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6373094http://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/cneaf/coal/weekly/weekly_html/wcpweek.htmlhttp://ir.eia.gov/ngs/ngs.htmlhttp://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCESTUS1&f=Whttp://www.eia.gov/http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6373094http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RCLC1&f=D


2/3

EIA's SEDS provides detailed data on energy use and expenditures byStateOne-third of the energy used in the United States in 2009 was consumed in five

States: Texas, California, Florida, New York, and Illinois. EIA's State Energy Data

System (SEDS) includes estimates of energy production, consumption, prices, and

expenditures broken down by energy source and sector for each of the 50 states

http://www.eia.gov/todayinenergy/detail.cfm?id=2630

Crude Oil News

OPEC Daily Basket Price 8/11/2011 --$103.29

(8/10/2011 --$101.20)

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. 12 Aug11

1959 +39 5 Aug 11 +319 13 Aug 10

Canada 12 Aug11

464 +30 5 Aug 11 +69 13 Aug 10

International

July2011

1150 -8 June 2011 +41 July 2010

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

Brent edges up above $108 as risk aversion eases

Oil rose on Monday after data from the United States andJapan helped ease

worries over a looming recession, encouraging investors back into riskier assets.

http://www.reuters.com/article/2011/08/15/us-markets-oil-

idUSTRE77838320110815/

Crude Oil Futures Decline Before Data on U.S. Housing, European

Economy

Oil fell, reversing earlier gains, before reports this week from the U.S. and Europe

forecast to indicate that the global recovery is losing momentum.http://www.bloomberg.com/news/2011-08-15/crude-oil-futures-decline-before-

data-on-u-s-housing-european-economy.html

Crude Stems Three-Week Decline as Japans Economy Counters Growth

Concern

Oil fluctuated in New York, after declining for three weeks, as concern that the

global economy is slowing countered a less-than-expected contraction inJapan,

the worlds third-biggest consumer of crude

http://www.bloomberg.com/news/2011-08-15/crude-oil-gives-up-gains-as-global-

economic-concern-counters-japanese-data.html
http://www.eia.gov/todayinenergy/detail.cfm?id=2630http://www.eia.gov/todayinenergy/detail.cfm?id=2630http://www.eia.gov/todayinenergy/detail.cfm?id=2630http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.reuters.com/places/japanhttp://www.reuters.com/article/2011/08/15/us-markets-oil-idUSTRE77838320110815/http://www.reuters.com/article/2011/08/15/us-markets-oil-idUSTRE77838320110815/http://topics.bloomberg.com/europe/http://www.bloomberg.com/news/2011-08-15/crude-oil-futures-decline-before-data-on-u-s-housing-european-economy.htmlhttp://www.bloomberg.com/news/2011-08-15/crude-oil-futures-decline-before-data-on-u-s-housing-european-economy.htmlhttp://topics.bloomberg.com/new-york/http://topics.bloomberg.com/japan/http://www.bloomberg.com/news/2011-08-15/crude-oil-gives-up-gains-as-global-economic-concern-counters-japanese-data.htmlhttp://www.bloomberg.com/news/2011-08-15/crude-oil-gives-up-gains-as-global-economic-concern-counters-japanese-data.htmlhttp://www.eia.gov/todayinenergy/detail.cfm?id=2630http://www.eia.gov/todayinenergy/detail.cfm?id=2630http://www.eia.gov/todayinenergy/detail.cfm?id=2630http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.reuters.com/places/japanhttp://www.reuters.com/article/2011/08/15/us-markets-oil-idUSTRE77838320110815/http://www.reuters.com/article/2011/08/15/us-markets-oil-idUSTRE77838320110815/http://topics.bloomberg.com/europe/http://www.bloomberg.com/news/2011-08-15/crude-oil-futures-decline-before-data-on-u-s-housing-european-economy.htmlhttp://www.bloomberg.com/news/2011-08-15/crude-oil-futures-decline-before-data-on-u-s-housing-european-economy.htmlhttp://topics.bloomberg.com/new-york/http://topics.bloomberg.com/japan/http://www.bloomberg.com/news/2011-08-15/crude-oil-gives-up-gains-as-global-economic-concern-counters-japanese-data.htmlhttp://www.bloomberg.com/news/2011-08-15/crude-oil-gives-up-gains-as-global-economic-concern-counters-japanese-data.html


3/3

Non-commercials heavily liquidate oil futures positions on NYMEX: CFTC

Non-commercials heavily liquidated oil futures positions on NYMEX as of the

reporting week ending August 9 as part of a freefall in global markets, according

to data released Friday by the US Commodity Futures Trading Commission.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6373099

Recession could tip US oil use into permanent decline

As a U.S. economic rebound stalls and threatens to spiral into recession, oil

demand in the world's top consumer may be slipping into an irreversible decline.

Last year's fledgling recovery in U.S. oil usage -- when demand rose 400,000

barrels per day (bpd) -- made up for only a part of the 1 million bpd demand drop

during a year of economic turmoil that began in August 2008.

http://www.commodities-now.com/reports/power-and-energy/7393-recession-

could-tip-us-oil-use-into-permanent-decline.html

Transocean Bids $1.43 Billion for Aker DrillingOffshore drilling contractor Transocean on Monday launched a $1.43 billion bid forNorway's Aker Drilling with shareholders representing 60.5 percent consenting tothe deal.http://www.cnbc.com/id/44141514

China's dependence on oil imports tops 55% over Jan-May, up from 2010

China's dependence on imported oil rose to 55.2% in the first five months of this

year, from 55% in 2010 and 33% in 2009, the official news agency Xinhua

reported Sunday, citing figures from the Ministry of Industry and Information

Technology.


Green/ Alternative Energy News

US House majority leader says green energy best left to private sector

Green energy growth is best left to the free market economy without government

deciding among the competitors, US House of Representatives Majority Leader

Eric Cantor said Friday


Alt fuel vehicle use grows, but still small part of U.S. fleetAlternative fuel vehicles are growing in number, but limited access to renewablefuels leaves them underused and largely running on petrol, according to the U.S.Energy Information Administration.http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6373099http://www.commodities-now.com/reports/power-and-energy/7393-recession-could-tip-us-oil-use-into-permanent-decline.htmlhttp://www.commodities-now.com/reports/power-and-energy/7393-recession-could-tip-us-oil-use-into-permanent-decline.htmlhttp://www.commodities-now.com/reports/power-and-energy/7393-recession-could-tip-us-oil-use-into-permanent-decline.htmlhttp://www.cnbc.com/id/44141514http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/7172534http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6373106http://www.eia.gov/todayinenergy/detail.cfm?id=2590http://www.eia.gov/todayinenergy/detail.cfm?id=2590http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6373099http://www.commodities-now.com/reports/power-and-energy/7393-recession-could-tip-us-oil-use-into-permanent-decline.htmlhttp://www.commodities-now.com/reports/power-and-energy/7393-recession-could-tip-us-oil-use-into-permanent-decline.htmlhttp://www.commodities-now.com/reports/power-and-energy/7393-recession-could-tip-us-oil-use-into-permanent-decline.htmlhttp://www.cnbc.com/id/44141514http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/7172534http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6373106http://www.eia.gov/todayinenergy/detail.cfm?id=2590http://www.eia.gov/todayinenergy/detail.cfm?id=2590http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/

Energy and Markets Newsletter 0801511

Documents

Transcript of Energy and Markets Newsletter 0801511