8/3/2019 Energy and Markets Newsletter 0801711
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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=D8/3/2019 Energy and Markets Newsletter 0801711
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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.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6381484
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.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8239922
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:IM8/3/2019 Energy and Markets Newsletter 0801711
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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]8/3/2019 Energy and Markets Newsletter 0801711
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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.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8240241
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.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8239992
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.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6381487
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/63814878/3/2019 Energy and Markets Newsletter 0801711
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Temperature
Precipitation
http://www.cpc.ncep.noaa.gov/products/predictions/610day/610temp.new.gif8/3/2019 Energy and Markets Newsletter 0801711
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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.gif8/3/2019 Energy and Markets Newsletter 0801711
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Precipitation
http://www.cpc.ncep.noaa.gov/products/predictions/814day/814prcp.new.gifTop Related