Energy and Markets Newsletter 0801911

8/3/2019 Energy and Markets Newsletter 0801911

1/8

August 19,2011

Energy Data Highlights

Crude oil futures price8/17/2011: $87.58/bblup$4.69 from week earlierup$11.81 from year earlier

Natural gas futures price8/17/2011: $3.933/mmBtudown$0.070 from week earlierdown$0.337 from year earlier

Weekly coal production8/13/2011: 20.261 million tonsdown0.205 million tons from week earlierdown1.006 million tons from year earlier

Natural gas inventories8/12/2011: 2,833 Bcfup50 Bcf from week earlier

down175 Bcf from year earlier

Crude oil inventories8/12/2011: 354.0 mmbblup4.2 mmbbl from week earlierdown0.2 mmbbl from year earlier

http://www.eia.gov/

Natural Gas/ Power News

EIA Storage Release 8/18/11 (Actual): +50 BcfPrevious Week: +25 Bcf-5.8% Change from 1 Year Ago-2.5% Change 5-year Average

Mid-summer heat pushes up natural gas use at electric power plantsRecord heat, affecting much of the nation this summer, contributed to greater useof natural gas to generate electricity. Of the 25 days since 2005 with the highestestimated use of natural gas to generate power, six occurred between July 20 and

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.eia.gov/todayinenergy/detail.cfm?id=2710http://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.eia.gov/todayinenergy/detail.cfm?id=2710http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RCLC1&f=D


2/8

August 3 of this year.http://www.eia.gov/todayinenergy/detail.cfm?id=2710

NYMEX September gas contract continues to slide on storage data

The NYMEX September natural gas futures contract continued to slide midday

Thursday on a higher-than-expected gas-storage build.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6388312

Green/ Alternative Energy News

California PUC approves renewable auction mechanism

California's investor-owned utilities are set to begin signing long-term contracts

with small-sized renewable energy projects under a new program approved

unanimously Thursday by the state's Public Utilities Commission

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6388887

Crude Oil News

OPEC Daily Basket Price 8/17/2011 --$106.88

(8/16/2011 --$105.42)

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 Aug

11

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

Oil dips on euro zone woe, slow global growth

Oil dipped on Thursday as investors tried to lock in profit from their highest levelsin about two weeks, with worries about euro zone debt problems and slower global

growth outlook pressing on prices

http://www.reuters.com/article/2011/08/18/us-markets-oil-

idUSTRE77838320110818

Brent Crude Below $111 on Euro Zone Woes, Firm Dollar

Brent crude fell 0.2 percent on Thursday, staying below $111 a barrel on Thursday

as ongoing concerns over Europe's debt crisis and a firmer dollar drew investors

away from riskier assets like oil and into the safe havens of gold and the Swiss
http://www.eia.gov/todayinenergy/detail.cfm?id=2710http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6388312http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6388887http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.reuters.com/subjects/euro-zone%20http://www.reuters.com/article/2011/08/18/us-markets-oil-idUSTRE77838320110818http://www.reuters.com/article/2011/08/18/us-markets-oil-idUSTRE77838320110818http://www.eia.gov/todayinenergy/detail.cfm?id=2710http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6388312http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6388887http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.reuters.com/subjects/euro-zone%20http://www.reuters.com/article/2011/08/18/us-markets-oil-idUSTRE77838320110818http://www.reuters.com/article/2011/08/18/us-markets-oil-idUSTRE77838320110818


3/8

franc.

http://www.cnbc.com/id/44182921

Crude Oil Falls in New York on Signs Slowing Economy Will Curb Fuel

Demand

Oil dropped from a two-day high in New York on signs that faltering economic

growth in the U.S., the worlds largest consumer of crude, is causing supplies to

accumulate

http://www.bloomberg.com/news/2011-08-18/crude-oil-falls-in-new-york-on-signs-

slowing-economy-will-curb-fuel-demand.html

Oil sheen reported near BPs Thunder Horse platform in GulfBP said today it spotted a silvery oil sheen measuring 2 feet by 30 feet on thesurface of the water near its Thunder Horse oil platform in the Gulf of Mexico.http://fuelfix.com/blog/2011/08/17/oil-sheen-reported-near-bps-thunder-horse-platform-in-gulf/

Back in black: Oil drilling tops gas for first time in 18 yearsNatural gas drilling has been the dominant energy story in the U.S. for the pastfew years, but oil is back with a vengeance.http://fuelfix.com/blog/2011/08/17/back-in-black-oil-drilling-tops-gas-for-first-time-in-18-years/

Better to Own Oil or Gold

Gold futures surged to a record close yesterday. Open interest in the contract for

December delivery stood at 360,671 contracts as of last night and the market

settled at a record $1,785 an ounce.

http://www.cnbc.com/id/44176219

Weather
http://www.cnbc.com/id/44182921http://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2011-08-18/crude-oil-falls-in-new-york-on-signs-slowing-economy-will-curb-fuel-demand.htmlhttp://www.bloomberg.com/news/2011-08-18/crude-oil-falls-in-new-york-on-signs-slowing-economy-will-curb-fuel-demand.htmlhttp://fuelfix.com/blog/2011/08/17/oil-sheen-reported-near-bps-thunder-horse-platform-in-gulf/http://fuelfix.com/blog/2011/08/17/oil-sheen-reported-near-bps-thunder-horse-platform-in-gulf/http://fuelfix.com/blog/2011/08/17/oil-sheen-reported-near-bps-thunder-horse-platform-in-gulf/http://fuelfix.com/blog/2011/08/17/back-in-black-oil-drilling-tops-gas-for-first-time-in-18-years/http://fuelfix.com/blog/2011/08/17/back-in-black-oil-drilling-tops-gas-for-first-time-in-18-years/http://fuelfix.com/blog/2011/08/17/back-in-black-oil-drilling-tops-gas-for-first-time-in-18-years/http://www.cnbc.com/id/44168212http://www.cnbc.com/id/44176219http://www.cnbc.com/id/44182921http://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2011-08-18/crude-oil-falls-in-new-york-on-signs-slowing-economy-will-curb-fuel-demand.htmlhttp://www.bloomberg.com/news/2011-08-18/crude-oil-falls-in-new-york-on-signs-slowing-economy-will-curb-fuel-demand.htmlhttp://fuelfix.com/blog/2011/08/17/oil-sheen-reported-near-bps-thunder-horse-platform-in-gulf/http://fuelfix.com/blog/2011/08/17/oil-sheen-reported-near-bps-thunder-horse-platform-in-gulf/http://fuelfix.com/blog/2011/08/17/oil-sheen-reported-near-bps-thunder-horse-platform-in-gulf/http://fuelfix.com/blog/2011/08/17/back-in-black-oil-drilling-tops-gas-for-first-time-in-18-years/http://fuelfix.com/blog/2011/08/17/back-in-black-oil-drilling-tops-gas-for-first-time-in-18-years/http://fuelfix.com/blog/2011/08/17/back-in-black-oil-drilling-tops-gas-for-first-time-in-18-years/http://www.cnbc.com/id/44168212http://www.cnbc.com/id/44176219


4/8

6 to 10 Day Outlooks Temperature

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


5/8

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


6/8


7/8

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


8/8
http://www.cpc.ncep.noaa.gov/products/predictions/814day/814prcp.new.gif

Energy and Markets Newsletter 0801911

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