Energy and Markets Newsletter 0803011

8/3/2019 Energy and Markets Newsletter 0803011

1/7

August 30,2011

Energy Data Highlights

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 earlierup$0.882 from year earlier

Crude oil futures price8/26/2011: $85.37/bblup$3.11 from week earlierup$12.01 from year earlier

Natural gas futures price8/26/2011: $3.931/mmBtudown$0.009 from week earlier

up$0.111 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 Bcf

Previous Week: +50 Bcf

-4.6% Change from 1 Year Ago

-1.9% Change 5-year Average

Canadian Gas Falls as Irene Pares Power, Cooling Demand Declines

Canadian natural gas fell after Tropical Storm Irene brought cooler weather to U.S.

Northeast, paring demand for power to run air conditioners in the second- biggest

market for Canadas gas exports

http://www.bloomberg.com/news/2011-08-29/canadian-gas-falls-as-irene-pares-

power-cooling-demand-declines.html

Follow
http://www.eia.gov/oog/info/gdu/gasdiesel.asphttp://www.eia.gov/oog/info/gdu/gasdiesel.asphttp://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://www.eia.gov/http://www.bloomberg.com/news/2011-08-29/canadian-gas-falls-as-irene-pares-power-cooling-demand-declines.htmlhttp://www.bloomberg.com/news/2011-08-29/canadian-gas-falls-as-irene-pares-power-cooling-demand-declines.htmlhttp://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/oog/info/gdu/gasdiesel.asphttp://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://www.eia.gov/http://www.bloomberg.com/news/2011-08-29/canadian-gas-falls-as-irene-pares-power-cooling-demand-declines.htmlhttp://www.bloomberg.com/news/2011-08-29/canadian-gas-falls-as-irene-pares-power-cooling-demand-declines.htmlhttp://www.eia.gov/oog/info/gdu/gasdiesel.asp


2/7

New natural gas pipeline capacity adds service into FloridaSince Florida Gas Transmission Company, LLC (FGT) placed its Phase VIII

Expansion project in service on April 1, 2011, daily natural gas flows into Florida

have exceeded the pre-expanded capacity nearly 50% of the time

http://www.eia.gov/todayinenergy/detail.cfm?id=2850

Utilities Push to Restore Power After HurricaneUtility workers restored power to U.S. homes and businesses after Hurricane Irene

moved north to Canada, leaving a trail of damage from North Carolina to Maine.

http://www.bloomberg.com/news/2011-08-30/utilities-work-to-restore-electricity-

after-brush-with-hurricane-irene.html

Green/ Alternative Energy News

ICE reports first allowance trade under California GHG program

IntercontinentalExchange Monday said it saw the first trade of the California

Carbon Allowance forward contract, the first-ever exchange-cleared trade based

on California's new greenhouse gas cap and trade program.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6419395

Solar Purge Drives Weakest Into Buyouts

The solar-equipment industry is beginning a consolidation thats already the

biggest in at least two years as plunging prices for photovoltaic systems force

weaker companies to team with competitors or close shop.

http://www.bloomberg.com/news/2011-08-29/solar-purge-drives-weakest-into-

bankruptcy-buyouts-with-more-deals-coming.html

Crude Oil News

OPEC Daily Basket Price 8/27/2011

(8/26/2011 $107.52)

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
http://www.eia.gov/todayinenergy/detail.cfm?id=2850http://www.eia.gov/todayinenergy/detail.cfm?id=1530http://www.eia.gov/todayinenergy/detail.cfm?id=1530http://www.eia.gov/todayinenergy/detail.cfm?id=2850http://topics.bloomberg.com/canada/http://topics.bloomberg.com/north-carolina/http://topics.bloomberg.com/maine/http://www.bloomberg.com/news/2011-08-30/utilities-work-to-restore-electricity-after-brush-with-hurricane-irene.htmlhttp://www.bloomberg.com/news/2011-08-30/utilities-work-to-restore-electricity-after-brush-with-hurricane-irene.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6419395http://www.bloomberg.com/news/2011-08-29/solar-purge-drives-weakest-into-bankruptcy-buyouts-with-more-deals-coming.htmlhttp://www.bloomberg.com/news/2011-08-29/solar-purge-drives-weakest-into-bankruptcy-buyouts-with-more-deals-coming.htmlhttp://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.eia.gov/todayinenergy/detail.cfm?id=2850http://www.eia.gov/todayinenergy/detail.cfm?id=1530http://www.eia.gov/todayinenergy/detail.cfm?id=1530http://www.eia.gov/todayinenergy/detail.cfm?id=2850http://topics.bloomberg.com/canada/http://topics.bloomberg.com/north-carolina/http://topics.bloomberg.com/maine/http://www.bloomberg.com/news/2011-08-30/utilities-work-to-restore-electricity-after-brush-with-hurricane-irene.htmlhttp://www.bloomberg.com/news/2011-08-30/utilities-work-to-restore-electricity-after-brush-with-hurricane-irene.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6419395http://www.bloomberg.com/news/2011-08-29/solar-purge-drives-weakest-into-bankruptcy-buyouts-with-more-deals-coming.htmlhttp://www.bloomberg.com/news/2011-08-29/solar-purge-drives-weakest-into-bankruptcy-buyouts-with-more-deals-coming.htmlhttp://investor.shareholder.com/bhi/rig_counts/rc_index.cfm


3/7

Crude Oil Falls From Two-Week High in New York on U.S. Supply

Forecasts

Oil fell from its highest in almost two weeks in New York on speculation that crude

stockpiles are increasing in the U.S., the biggest consumer of the commodity

http://www.bloomberg.com/news/2011-08-30/oil-near-two-week-high-as-spending-

counters-forecast-gain-in-u-s-supplies.html

Oil Off 3-Week Highs As Dollar Rises

Brent crude slipped from three week highs on Tuesday, as the dollar firmed on the

back of data from the United States suggesting the world's top oil consumer is not

sliding back into recession.

http://www.cnbc.com/id/44321052

Oil rises on positive economic news

Oil prices rose Monday after the government said consumers spent more in July,easing concerns about another recession. Here's how energy contracts traded.http://www.cnbc.com/id/44317438

Big Banks Bet Crude Oil Prices Would Fall in 2008 Run-Up, Leaked Data

Show

Just before crude oil hit its record high in mid-2008, 15 of the worlds largest banks

were betting that prices would fall, according to private trading data released by

U.S. Senator Bernie Sanders

http://www.bloomberg.com/news/2011-08-29/big-banks-bet-crude-would-fall-in-

2008-run-up-leaked-data-shows.html

Brent-WTI: Waiting for Keystone XLOil analysts are in increasing agreement that the current spread between Brent

and West Texas Intermediate crude oil futures is in some way fundamentally

wrong but few are willing to state when it might collapse.

http://www.commodities-now.com/news/power-and-energy/7628-brent-wti-

waiting-for-keystone-xl.html

Big Oil Companies May Have to Give Up Iraq Gas

Many of the world's biggest energy companies may have to surrender most of the

gas from Iraq's vast southern oilfields to a processing and export project led byShell, a final draft contract between Baghdad and Europe's biggest company,

obtained by Reuters, shows.

http://www.cnbc.com/id/44314177

Libyas return to oil marketsThe energy market is keenly awaiting signs that Libyas oil and natural gas

production is flowing back to the market

http://www.ft.com/cms/s/0/582bec32-d2da-11e0-9aae-00144feab49a.html?

ftcamp=rss#axzz1WQ5Ugjys
http://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2011-08-30/oil-near-two-week-high-as-spending-counters-forecast-gain-in-u-s-supplies.htmlhttp://www.bloomberg.com/news/2011-08-30/oil-near-two-week-high-as-spending-counters-forecast-gain-in-u-s-supplies.htmlhttp://www.cnbc.com/id/44321052http://www.cnbc.com/id/44317438http://sanders.senate.gov/imo/media/doc/energy-holdings-WTI-Crude-Oil.pdfhttp://topics.bloomberg.com/bernie-sanders/http://www.bloomberg.com/news/2011-08-29/big-banks-bet-crude-would-fall-in-2008-run-up-leaked-data-shows.htmlhttp://www.bloomberg.com/news/2011-08-29/big-banks-bet-crude-would-fall-in-2008-run-up-leaked-data-shows.htmlhttp://www.commodities-now.com/news/power-and-energy/7628-brent-wti-waiting-for-keystone-xl.htmlhttp://www.commodities-now.com/news/power-and-energy/7628-brent-wti-waiting-for-keystone-xl.htmlhttp://www.commodities-now.com/news/power-and-energy/7628-brent-wti-waiting-for-keystone-xl.htmlhttp://www.cnbc.com/id/44314177http://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2011-08-30/oil-near-two-week-high-as-spending-counters-forecast-gain-in-u-s-supplies.htmlhttp://www.bloomberg.com/news/2011-08-30/oil-near-two-week-high-as-spending-counters-forecast-gain-in-u-s-supplies.htmlhttp://www.cnbc.com/id/44321052http://www.cnbc.com/id/44317438http://sanders.senate.gov/imo/media/doc/energy-holdings-WTI-Crude-Oil.pdfhttp://topics.bloomberg.com/bernie-sanders/http://www.bloomberg.com/news/2011-08-29/big-banks-bet-crude-would-fall-in-2008-run-up-leaked-data-shows.htmlhttp://www.bloomberg.com/news/2011-08-29/big-banks-bet-crude-would-fall-in-2008-run-up-leaked-data-shows.htmlhttp://www.commodities-now.com/news/power-and-energy/7628-brent-wti-waiting-for-keystone-xl.htmlhttp://www.commodities-now.com/news/power-and-energy/7628-brent-wti-waiting-for-keystone-xl.htmlhttp://www.commodities-now.com/news/power-and-energy/7628-brent-wti-waiting-for-keystone-xl.htmlhttp://www.cnbc.com/id/44314177


4/7

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/300845.shtml
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8282813http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/300845.shtmlhttp://www.nhc.noaa.gov/refresh/graphics_at2+shtml/?5-daynl?large#contentshttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8282813http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/300845.shtml


5/7

6 to 10 Day OutlooksTemperature

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 0803011

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