Energy and Markets Newsletter 0802211

8/3/2019 Energy and Markets Newsletter 0802211

1/7

August 22,2011

Energy Data Highlights

Crude oil futures price8/18/2011: $82.38/bbldown$3.34 from week earlierup$6.96 from year earlier

Natural gas futures price8/18/2011: $3.892/mmBtudown$0.216 from week earlierdown$0.348 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

U.S. natural gas consumption for electric power tops industrialconsumptionSince December 2008, the rolling 12-month total consumption of natural gas by

the electric power sector has consistently exceeded the same measure of natural

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=2730http://www.eia.gov/todayinenergy/detail.cfm?id=2730http://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=2730http://www.eia.gov/todayinenergy/detail.cfm?id=2730http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RCLC1&f=D


2/7

gas consumption by the industrial sector

http://www.eia.gov/todayinenergy/detail.cfm?id=2730

Shell, PetroChinas Arrow Energy Offers $540 Million to Acquire Bow

Energy

Arrow Energy Ltd., owned by Royal Dutch Shell Plc (RDSA) and PetroChina Co.,

offered about A$520 million ($540 million) for Bow Energy Ltd. (BOW), seeking

more resources to underpin a proposed liquefied natural gas project in Australia.

http://www.bloomberg.com/news/2011-08-21/bow-energy-receives-proposal-from-

arrow-energy-at-a-1-48-share.html

Construction accelerated on Permian-to-Gulf pipelineDCP Midstream is accelerating plans to construct a 720-mile pipeline for naturalgas liquids through Texas, connecting the Permian and Eagle Ford basins to MontBelvieu, the company announced.http://fuelfix.com/blog/2011/08/19/construction-accelerated-on-permian-to-gulf-pipeline/

Crude Oil News

OPEC Daily Basket Price 8/19/2011 --$103.36

(8/18/2011 --$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. 19 Aug11

1974 +15 12 Aug 11 +323 13 Aug 10

Canada 19 Aug11

486 +22 12 Aug 11 +107 13 Aug 10

International

July2011

1150 -8 June 2011 +41 July 2010

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

Europe Gasoline Falls as Total Sells; Gasoil Drops: Oil Products

European gasoline prices fell as much as $17 a metric ton as Total SA sold barges

of the motor fuel. Gasoil also declined on Londons ICE Futures Europe exchange,

following crude futures lower

http://www.bloomberg.com/news/2011-08-19/europe-gasoline-falls-as-total-sells-

gasoil-drops-oil-products.html

U.S. crude jumps more $1 as dollar slips

U.S. crude oil futures rose more than $1 a barrel on Monday as the dollar eased

against a basket of currencies and as stock markets rose on hopes for a swift end

to the conflict in Libya.
http://www.eia.gov/todayinenergy/detail.cfm?id=2730http://www.bloomberg.com/apps/quote?ticker=RDSA:LNhttp://www.bloomberg.com/apps/quote?ticker=BOW:AUhttp://www.bloomberg.com/news/2011-08-21/bow-energy-receives-proposal-from-arrow-energy-at-a-1-48-share.htmlhttp://www.bloomberg.com/news/2011-08-21/bow-energy-receives-proposal-from-arrow-energy-at-a-1-48-share.htmlhttp://fuelfix.com/blog/2011/08/19/construction-accelerated-on-permian-to-gulf-pipeline/https://www.dcpmidstream.com/Pages/Home.aspxhttp://maps.google.com/maps?q=Mont+Belvieu,+TX&hl=en&ll=29.716681,-95.07843&spn=0.930288,1.724854&sll=37.0625,-95.677068&sspn=34.587666,77.167969&vpsrc=6&z=9http://maps.google.com/maps?q=Mont+Belvieu,+TX&hl=en&ll=29.716681,-95.07843&spn=0.930288,1.724854&sll=37.0625,-95.677068&sspn=34.587666,77.167969&vpsrc=6&z=9http://fuelfix.com/blog/2011/08/19/construction-accelerated-on-permian-to-gulf-pipeline/http://fuelfix.com/blog/2011/08/19/construction-accelerated-on-permian-to-gulf-pipeline/http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.bloomberg.com/news/2011-08-19/europe-gasoline-falls-as-total-sells-gasoil-drops-oil-products.htmlhttp://www.bloomberg.com/news/2011-08-19/europe-gasoline-falls-as-total-sells-gasoil-drops-oil-products.htmlhttp://www.reuters.com/finance/marketshttp://www.eia.gov/todayinenergy/detail.cfm?id=2730http://www.bloomberg.com/apps/quote?ticker=RDSA:LNhttp://www.bloomberg.com/apps/quote?ticker=BOW:AUhttp://www.bloomberg.com/news/2011-08-21/bow-energy-receives-proposal-from-arrow-energy-at-a-1-48-share.htmlhttp://www.bloomberg.com/news/2011-08-21/bow-energy-receives-proposal-from-arrow-energy-at-a-1-48-share.htmlhttp://fuelfix.com/blog/2011/08/19/construction-accelerated-on-permian-to-gulf-pipeline/https://www.dcpmidstream.com/Pages/Home.aspxhttp://maps.google.com/maps?q=Mont+Belvieu,+TX&hl=en&ll=29.716681,-95.07843&spn=0.930288,1.724854&sll=37.0625,-95.677068&sspn=34.587666,77.167969&vpsrc=6&z=9http://maps.google.com/maps?q=Mont+Belvieu,+TX&hl=en&ll=29.716681,-95.07843&spn=0.930288,1.724854&sll=37.0625,-95.677068&sspn=34.587666,77.167969&vpsrc=6&z=9http://fuelfix.com/blog/2011/08/19/construction-accelerated-on-permian-to-gulf-pipeline/http://fuelfix.com/blog/2011/08/19/construction-accelerated-on-permian-to-gulf-pipeline/http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.bloomberg.com/news/2011-08-19/europe-gasoline-falls-as-total-sells-gasoil-drops-oil-products.htmlhttp://www.bloomberg.com/news/2011-08-19/europe-gasoline-falls-as-total-sells-gasoil-drops-oil-products.htmlhttp://www.reuters.com/finance/markets


3/7

http://www.reuters.com/article/2011/08/22/us-markets-oil-

idUSTRE77838320110822?feedType=RSS&feedName=wtMostRead

Crude futures volatile as recession fears face supply/demand balances

Crude oil futures remain volatile as fears of a recession are mixed with a firmsupply and demand balance in the oil market, Goldman Sachs analysts said

Friday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6392734

Brent Crude Slides as Libyan Rebels

Brent oil fell in London, narrowing its record premium to the main U.S. oil grade,

as investors bet that Libyan production may recover after rebels entered the

capital city of Tripoli in a push to force out Muammar Qaddafi.

http://www.bloomberg.com/news/2011-08-22/brent-slides-as-libyan-rebels-enter-

tripoli-premium-to-u-s-crude-narrows.html

Gaddafi effect on oil

It looks like a potential Libyan regime change is already beginning to affect oil

prices on Monday

http://ftalphaville.ft.com/blog/2011/08/22/658706/the-gaddafi-effect-on-oil/

Crude eases on hopes for Libyan supply

Oil prices fell on Monday after Libyan rebels seized large areas of the capital

Tripoli, bringing hopes of a return to the market of the worlds 12th largest oil

exporter

http://www.ft.com/intl/cms/s/0/7e140264-cca3-11e0-b923-

00144feabdc0.html#axzz1Vl6BIgkz

European oil companies watch Libya closely, eye possible return

European oil companies Monday were watching developments in Libya closely to

gauge when they may be able to return to the country and restart oil and gas

operations.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8259368

Weather -Hurricane IRENE

http://www.nhc.noaa.gov/text/refresh/MIATCPAT4+shtml/221053.shtml
http://www.reuters.com/article/2011/08/22/us-markets-oil-idUSTRE77838320110822?feedType=RSS&feedName=wtMostReadhttp://www.reuters.com/article/2011/08/22/us-markets-oil-idUSTRE77838320110822?feedType=RSS&feedName=wtMostReadhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6392734http://topics.bloomberg.com/london/http://topics.bloomberg.com/muammar-qaddafi/http://www.bloomberg.com/news/2011-08-22/brent-slides-as-libyan-rebels-enter-tripoli-premium-to-u-s-crude-narrows.htmlhttp://www.bloomberg.com/news/2011-08-22/brent-slides-as-libyan-rebels-enter-tripoli-premium-to-u-s-crude-narrows.htmlhttp://ftalphaville.ft.com/blog/2011/08/22/658706/the-gaddafi-effect-on-oil/http://ftalphaville.ft.com/blog/2011/08/22/658706/the-gaddafi-effect-on-oil/http://ftalphaville.ft.com/blog/2011/08/22/658706/the-gaddafi-effect-on-oil/http://www.ft.com/cms/s/0/d9e00948-cc0e-11e0-9176-00144feabdc0.htmlhttp://www.ft.com/cms/s/0/d9e00948-cc0e-11e0-9176-00144feabdc0.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8259368http://www.nhc.noaa.gov/text/refresh/MIATCPAT4+shtml/221053.shtmlhttp://www.reuters.com/article/2011/08/22/us-markets-oil-idUSTRE77838320110822?feedType=RSS&feedName=wtMostReadhttp://www.reuters.com/article/2011/08/22/us-markets-oil-idUSTRE77838320110822?feedType=RSS&feedName=wtMostReadhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6392734http://topics.bloomberg.com/london/http://topics.bloomberg.com/muammar-qaddafi/http://www.bloomberg.com/news/2011-08-22/brent-slides-as-libyan-rebels-enter-tripoli-premium-to-u-s-crude-narrows.htmlhttp://www.bloomberg.com/news/2011-08-22/brent-slides-as-libyan-rebels-enter-tripoli-premium-to-u-s-crude-narrows.htmlhttp://ftalphaville.ft.com/blog/2011/08/22/658706/the-gaddafi-effect-on-oil/http://ftalphaville.ft.com/blog/2011/08/22/658706/the-gaddafi-effect-on-oil/http://www.ft.com/cms/s/0/d9e00948-cc0e-11e0-9176-00144feabdc0.htmlhttp://www.ft.com/cms/s/0/d9e00948-cc0e-11e0-9176-00144feabdc0.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8259368http://www.nhc.noaa.gov/text/refresh/MIATCPAT4+shtml/221053.shtml


4/7

Tropical Depression HARVEY

http://www.nhc.noaa.gov/text/refresh/MIATCPAT3+shtml/221226.shtml

6 to 10 Day Outlooks

Temperature
http://www.nhc.noaa.gov/text/refresh/MIATCPAT3+shtml/221226.shtmlhttp://www.cpc.ncep.noaa.gov/products/predictions/610day/610temp.new.gifhttp://www.nhc.noaa.gov/refresh/graphics_at4+shtml/?5-daynl?large#contentshttp://www.nhc.noaa.gov/text/refresh/MIATCPAT3+shtml/221226.shtml


5/7

Precipitation

8 to 14 day Outlooks
http://www.cpc.ncep.noaa.gov/products/predictions/610day/610prcp.new.gif


6/7

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

Energy and Markets Newsletter 0802211

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