Energy and Markets Newsletter 0801711

8/3/2019 Energy and Markets Newsletter 0801711

1/7

August 17,2011

Energy Data Highlights

Crude oil futures price8/15/2011: $87.88/bblup$6.57 from week earlierup$12.49 from year earlier

Natural gas futures price8/15/2011: $4.024/mmBtuup$0.089 from week earlierdown$0.306 from year earlier

Retail gasoline price8/15/2011: $3.604/galdown$0.070 from week earlierup$0.859 from year earlier

Retail diesel price8/15/2011: $3.835/galdown$0.062 from week earlier

up$0.856 from year earlier

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

http://www.eia.gov/

Natural Gas/ Power News

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.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/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RCLC1&f=D


2/7

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

Williams maintains $5.49 billion bid for Southern Union

Williams Cos. is sticking to its $5.49 billion all-cash offer to buy pipeline companySouthern Union Co., saying its a better deal for shareholders than Energy TransferEquity LPs bid.http://fuelfix.com/blog/2011/08/17/williams-maintains-5-5-billion-bid-for-southern-union/

Pennsylvania's Marcellus output jumps 22% to 1.87 Bcf/d in H1 2011

Natural gas production in Pennsylvania's portion of the Marcellus Shale in the first

six months of 2011 rose to 1.87 Bcf/d, 22% above that in the second half of 2010,

the state's Department of Environmental Protection said Tuesday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6381485

Calypso abandons gas pipeline project off Florida coast

Calypso US Pipeline is surrendering its authorization and presidential permit to

build an offshore pipeline to ship regasified LNG to Florida, according to a filing

released Tuesday.


Gazprom continues talks with European partners over gas price

Russia's Gazprom said Tuesday its export arm is currently in consultations overdemands to renegotiate the contracted price in its long-term gas contracts with

several of its key European partners, including GDF Suez, Shell Energy Europe,

RWE Transgas, E.ON Ruhrgas and Eni.


California PUC to set up risk assessment unit for utilities safety

A risk assessment unit will be set up to proactively improve safety of natural gas

and electricity infrastructure in the wake of a fatal natural gas pipeline explosion a

top California Public Utilities Commission told a Senate committee Tuesday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6381495

Report: Cold weather killed the grid in FebruaryCold weather-related equipment failures were to blame for power problems that

included rolling blackouts in Texas and other southwestern states in February,

according to a report released by regulators

http://fuelfix.com/blog/2011/08/17/report-cold-weather-killed-the-grid-in-february/

Italian Utilities Fall After Berlusconi Increases Tax Rates

Enel SpA (ENEL),Terna Rete Elettrica Nazionale SpA (TRN) and Snam Rete Gas

SpA (SRG) fell in Milan trading after a government austerity package raised tax

rates on utilities.
http://fuelfix.com/blog/2011/08/17/williams-maintains-5-5-billion-bid-for-southern-union/http://fuelfix.com/blog/2011/08/17/williams-maintains-5-5-billion-bid-for-southern-union/http://fuelfix.com/blog/2011/08/17/williams-maintains-5-5-billion-bid-for-southern-union/http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6381485http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6381484http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8239922http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6381495http://fuelfix.com/blog/2011/02/02/texas-cold-snap-leads-to-rolling-blackouts/http://fuelfix.com/blog/2011/08/17/report-cold-weather-killed-the-grid-in-february/http://www.bloomberg.com/apps/quote?ticker=ENEL:IMhttp://www.bloomberg.com/apps/quote?ticker=TRN:IMhttp://www.bloomberg.com/apps/quote?ticker=SRG:IMhttp://www.bloomberg.com/apps/quote?ticker=SRG:IMhttp://fuelfix.com/blog/2011/08/17/williams-maintains-5-5-billion-bid-for-southern-union/http://fuelfix.com/blog/2011/08/17/williams-maintains-5-5-billion-bid-for-southern-union/http://fuelfix.com/blog/2011/08/17/williams-maintains-5-5-billion-bid-for-southern-union/http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6381485http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6381484http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8239922http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6381495http://fuelfix.com/blog/2011/02/02/texas-cold-snap-leads-to-rolling-blackouts/http://fuelfix.com/blog/2011/08/17/report-cold-weather-killed-the-grid-in-february/http://www.bloomberg.com/apps/quote?ticker=ENEL:IMhttp://www.bloomberg.com/apps/quote?ticker=TRN:IMhttp://www.bloomberg.com/apps/quote?ticker=SRG:IMhttp://www.bloomberg.com/apps/quote?ticker=SRG:IM


3/7

http://www.bloomberg.com/news/2011-08-16/italian-utilities-fall-after-berlusconi-

increases-tax-rates-in-budget-plan.html

Green/ Alternative Energy News

US agencies to spend $510 million to spur aviation, marine

biofuels

The Obama administration Tuesday announced a $510 million plan to spur

development of advanced biofuels, focusing on production of drop-in fuels

for aviation and marine transportation.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6381488

Crude Oil News

OPEC Daily Basket Price 8/16/2011 --$105.42

(8/15/2011 --$104.78)

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

Energy sector leads S&P 500 downward

The energy sector was hit harder than any other on the S&P 500 Tuesday, withmore evidence of a global economic slowdown sending prices for crude, coal and

natural gas downward.

http://www.forbes.com/feeds/ap/2011/08/16/business-materials-us-energy-

sector-snap_8625913.html

Brent oil rises to $110, U.S. gasoline supportsBrent crude rose on Wednesday to $110 a barrel after an industry report showed a

larger-than-expected decline in U.S. gasoline supplies and upbeat economic data

trumped concerns over the euro zone debt crisis.
http://www.bloomberg.com/news/2011-08-16/italian-utilities-fall-after-berlusconi-increases-tax-rates-in-budget-plan.htmlhttp://www.bloomberg.com/news/2011-08-16/italian-utilities-fall-after-berlusconi-increases-tax-rates-in-budget-plan.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6381488http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.forbes.com/feeds/ap/2011/08/16/business-materials-us-energy-sector-snap_8625913.htmlhttp://www.forbes.com/feeds/ap/2011/08/16/business-materials-us-energy-sector-snap_8625913.htmlhttp://www.reuters.com/finance/[email protected]://www.bloomberg.com/news/2011-08-16/italian-utilities-fall-after-berlusconi-increases-tax-rates-in-budget-plan.htmlhttp://www.bloomberg.com/news/2011-08-16/italian-utilities-fall-after-berlusconi-increases-tax-rates-in-budget-plan.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6381488http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.forbes.com/feeds/ap/2011/08/16/business-materials-us-energy-sector-snap_8625913.htmlhttp://www.forbes.com/feeds/ap/2011/08/16/business-materials-us-energy-sector-snap_8625913.htmlhttp://www.reuters.com/finance/[email protected]


4/7

http://www.reuters.com/article/2011/08/17/us-markets-oil-

idUSTRE77838320110817

Oil Climbs in New York as U.S. Fuel Supply Drop Signals Increased

Demand

Oil advanced from a two-day low in New York as investors bet that shrinking fuel

stockpiles in the U.S. indicate demand will increase in the worlds biggest crude-consuming nation

http://www.bloomberg.com/news/2011-08-17/oil-erases-gain-in-new-york-as-

economic-concern-counters-stockpile-decline.html

Time to trade the Brent-WTI spread?

A major pipeline announcement means its just about time to lay on bets on the

Brent-WTI spread narrowing. December 2013 looks attractive.

http://www.commodities-now.com/news/power-and-energy/7424-time-to-trade-

the-brent-wti-spread.html

Iraq to unveil model contracts for oil/gas exploration September 11

Iraq's oil ministry said Tuesday that it would unveil model contracts for oil and gas

exploration blocks to pre-qualified international companies on September 11,

kicking off a process that will culminate with the award of contracts in January.


EIA shaves OPEC oil earnings forecast to $1.01 trillion this year

The US Energy Information Administration has trimmed its forecasts of OPEC's net

oil export earnings to $1.011 trillion this year and $1.105 trillion in 2012, down

$17 billion and $3 billion respectively.


Shell defends spill response as UK leak trickles on

Shell defended its public handling of the UK's worst oil spill in more than a decade

Tuesday as the oil major said it is still tackling a second leak site in the damaged

flow line beneath its North Sea Gannet Alpha platform.


Government/ Regulations

Weather

6 to 10 Day Outlooks
http://www.reuters.com/article/2011/08/17/us-markets-oil-idUSTRE77838320110817http://www.reuters.com/article/2011/08/17/us-markets-oil-idUSTRE77838320110817http://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2011-08-17/oil-erases-gain-in-new-york-as-economic-concern-counters-stockpile-decline.htmlhttp://www.bloomberg.com/news/2011-08-17/oil-erases-gain-in-new-york-as-economic-concern-counters-stockpile-decline.htmlhttp://www.commodities-now.com/news/power-and-energy/7424-time-to-trade-the-brent-wti-spread.htmlhttp://www.commodities-now.com/news/power-and-energy/7424-time-to-trade-the-brent-wti-spread.htmlhttp://www.commodities-now.com/news/power-and-energy/7424-time-to-trade-the-brent-wti-spread.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8240241http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8239992http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6381487http://www.reuters.com/article/2011/08/17/us-markets-oil-idUSTRE77838320110817http://www.reuters.com/article/2011/08/17/us-markets-oil-idUSTRE77838320110817http://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2011-08-17/oil-erases-gain-in-new-york-as-economic-concern-counters-stockpile-decline.htmlhttp://www.bloomberg.com/news/2011-08-17/oil-erases-gain-in-new-york-as-economic-concern-counters-stockpile-decline.htmlhttp://www.commodities-now.com/news/power-and-energy/7424-time-to-trade-the-brent-wti-spread.htmlhttp://www.commodities-now.com/news/power-and-energy/7424-time-to-trade-the-brent-wti-spread.htmlhttp://www.commodities-now.com/news/power-and-energy/7424-time-to-trade-the-brent-wti-spread.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8240241http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8239992http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6381487


5/7

Temperature

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


6/7

8 to 14 day OutlooksTemperature
http://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gifhttp://www.cpc.ncep.noaa.gov/products/predictions/610day/610prcp.new.gif


7/7

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

Energy and Markets Newsletter 0801711

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