Commodity Pricing

Source: EnerCom, Inc. Data: Bloomberg

Chart of the Week: WTI Price: Where it’s Been, Where’s it Going?

The price of West Texas Intermediate (WTI) crude has taken the oil and gas industry for a wild ride since June. From north of $105, so far we’ve rocketed down the first hill of the rollercoaster and we’re still screaming …

January 15, 2015 - 6:03 pm Chart of Week, Commodity Pricing, Oil and Gas 360 Articles
Oil Prices: WTI Tops Brent as Export Options Gain Interest

Oil Prices: WTI Tops Brent as Export Options Gain Interest

The price of West Texas Intermediate (WTI) exceeded Brent for the first time since July 2013 today, before closing at $48.63 – just $0.14 below its spot price counterpart. In an interview with Bloomberg, John Kilduff, a partner at Again …

Crude Oil Cuttings for the Week Ended January 9, 2015

Crude Oil Cuttings for the Week Ended January 9, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 1/9/15)

Current: 387,782

Actual Build/(Withdrawal): 5,389

Economist Average Estimate: 1,750

Previous: 382,393

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


ANALYST COMMENTARY

KLR

January 14, 2015 - 6:27 pm Commodity Pricing, Oil and Gas 360 Articles
Oil & Gas 360

Oil & Gas 360® Exclusive Interview: Stephens E&P Research

Short Term Oversupply, Permian in the Pole Position

Oil & Gas 360® interviewed Stephens Inc. Senior Vice President E&P Research, Will Green, and Vice President E&P Research, Ben Wyatt, this week, in pursuit of their view of the current commodities …

Refineries, Gasoline Prices Experiencing the Silver Lining of Commodity Environment

Refineries, Gasoline Prices Experiencing the Silver Lining of Commodity Environment

United States refineries are running at utilization rates well above 90%, but don’t count them as part of the oil and gas industry being squeezed in the current commodity market. The Energy Information Administration (EIA) still expects domestic production to …

DNB Sees Bullish Signals in the Oil Patch

DNB Sees Bullish Signals in the Oil Patch

$70-$100 per Barrel for the Coming 5-10 Years

In its Oil Market Report sent to clients today, DNB Bank’s Oslo research team led by oil market analyst Torbjørn Kjus, said “we now believe prices have dropped to unsustainably low levels …

Oil. It’s What Drives the World.

Oil. It’s What Drives the World.

Hell no, I do not want to relive 1986!

Yesterday a client said, “It feels like 1986.”  We haven’t heard that since 1986, and that year was a pivotal one.

The United Kingdom and France announced plans to construct the …

January 8, 2015 - 7:14 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
Winter is Coming for the Oil & Gas Industry

Winter is Coming for the Oil & Gas Industry

Worsening conditions prove there is no such thing as home field advantage

Production in the Permian Basin was impacted this last week due to freezing rain and temperatures dropping into single digits, according to news releases from Energen (ticker: EGN)

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Oil Prices: Pain from A Thousand Cuts

Effects from the oil price slide are being celebrated by the average American consumer. AAA reports Americans may save as much as $75 billion in fuel costs in 2015, or $550 per household, which amounts to the lowest in more

Oil Prices Continue to fall, but for how long?

Oil Prices Continue to fall, but for how long?

The oil and gas industry wasn’t given much of a respite following the unofficial ending to the holiday season. Oil prices continued their plunge on Monday, January 5, 2015, with West Texas Intermediate (WTI) and Brent prices closing at $49.78 …

U.S. Department of Commerce Loosens Reins on Oil Exports

U.S. Department of Commerce Loosens Reins on Oil Exports

The United States Department of Commerce said it has begun approving requests to sell light processed oil on the international market. The transactions, which now can be conducted by companies without government approval, pertain only to selling crude that has …

2014 in Review: United States Production Boom Facing Uncertainty

2014 in Review: United States Production Boom Facing Uncertainty

What a difference a year makes.

When Oil & Gas 360® released its year in review piece exactly 365 days ago, the Energy Information Administration (EIA) was projecting oil volumes to rise through 2016 and natural gas volumes to …

Crude Oil Cuttings for the Week Ended December 26, 2014

Crude Oil Cuttings for the Week Ended December 26, 2014

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 12/26/14)

Current: 385,455

Actual Build/(Withdrawal): (1,754)

Economist Average Estimate: 133

Previous: 387,209

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


Important disclosures: The …

December 31, 2014 - 5:29 pm Commodity Pricing, Oil and Gas 360 Articles
Natural Gas Roundup for the Week Ended December 26, 2014

Natural Gas Roundup for the Week Ended December 26, 2014

roundup21NATURAL GAS INVENTORY (Week Ended 12/26/14)

Current: 3,220 Bcf

Actual Injection/(Withdrawal): (26) Bcf

Economist Average Estimate: (35) Bcf

Previous: 3,246 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.…

December 31, 2014 - 5:20 pm Commodity Pricing, Oil and Gas 360 Articles
Gas Prices in 2014

Chart of the Week: 2014 Measured by Gasoline Prices

Listed below are gas prices for the Denver, Houston and New York metropolitan areas for 2014. All have dropped roughly $1.00 on a year-over-year basis, with prices in Denver and Houston dropping by roughly 33% compared to last December and …

December 30, 2014 - 6:47 pm Chart of Week, Commodity Pricing, Oil and Gas 360 Articles
2015 E&P Guidance: Capital Cuts Across the Board

2015 E&P Guidance: Capital Cuts Across the Board

As expected, the majority of North American E&Ps are slashing budgets in anticipation for 2015 – a year in which the Energy Information Administration forecasts West Texas Intermediate prices at $62.75/barrel. A common theme in 2015 guidance is a focus …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Oil, Gas Prices Fall Following Inventory Reports

Oil, Gas Prices Aside, the U.S. Economy, DJIA and Drillers Move Ahead

Oil prices inched lower this morning, with West Texas Intermediate (WTI) and Brent below $54 and $58, respectively. Crude oil inventories increased by 7.3 million barrels, according to …

December 29, 2014 - 4:49 pm Analytics, Commodity Pricing, Oil and Gas 360 Articles
Natural Gas Roundup for the Week Ended December 12, 2014

Natural Gas Roundup for the Week Ended December 12, 2014

NATURAL GAS INVENTORY (Week Ended 12/05/14)

roundup21Current: 3,295 Bcf

Actual Injection/(Withdrawal): (64) Bcf

Economist Average Estimate: (61) Bcf

Previous: 3,359 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


ANALYST …

December 18, 2014 - 5:46 pm Commodity Pricing, Oil and Gas 360 Articles
Upstream MLPs Getting the Worst of Commodity Downturn

Upstream MLPs Getting the Worst of Commodity Downturn

Oil & Gas 360 Exploration & ProductionDown more than 50% Year to Date

Oil and gas companies are tightening the purse strings for 2015, as several news releases on guidance are showing capex declines of 20% or more. Commodity hedges may protect most companies from further …

The Oil View: Fasten Your Seatbelts

The Oil View: Fasten Your Seatbelts

Oil Price Volatility May Become Commonplace

Already, another day has dawned bringing more volatility in oil prices. WTI is trading at about $55.25 following an early low of $53.60; and Brent, which had traded as low as $58.55 this morning, …

December 16, 2014 - 11:32 am Commodity Pricing, Oil and Gas 360 Articles
What are Energy Companies Thinking as they Head into 2015?

What are Energy Companies Thinking as they Head into 2015?

Dropping Oil Prices = Changing Landscape for E&Ps, Midstream, OilService Companies

At last week’s 2014 Energy Symposium hosted by Wells Fargo Securities at the Waldorf Astoria, the sentiment expressed by the energy companies was far different from what had been …

Futuristic Solar Power Plant Needs NatGas to Make Electricity, Money

Futuristic Solar Power Plant Needs NatGas to Make Electricity, Money

World’s Largest Solar Generating Plant Struggles to Make Ends Meet if the Sun Doesn’t Shine

Who knew? In the midst of free-falling oil prices that have knocked about the growth plans for petroleum developers, owners of the world’s largest solar …

December 12, 2014 - 4:26 pm Commodity Pricing, Oil and Gas 360 Articles
Alaska Faces $3.5 Billion Deficit as Oil Prices Drop

Alaska Faces $3.5 Billion Deficit as Oil Prices Drop

Alaska’s revenue forecast, released Wednesday, predicts a deficit of $3.5 billion, an increase of $2.1 billion from what lawmakers expected in April.

The forecast expects unrestricted general fund revenue of $2.6 billion this year, down from $5.4 billion in 2014, …

December 12, 2014 - 3:48 pm Commodity Pricing, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended December 5, 2014

Crude Oil Cuttings for the Week Ended December 5, 2014

CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/05/14)

crude_oil_cuttingsCurrent: 380,789

Actual Build/(Withdrawal): 1,454

Economist Average Estimate: (2,625)

Previous: 379,335

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


 

KLR Group (12.10.14)
December 10, 2014 - 6:15 pm Commodity Pricing
Crude Oil Prices:  Brent Trades Below $65, WTI Trades Below $61

Crude Oil Prices: Brent Trades Below $65, WTI Trades Below $61

OPEC Cuts Demand Forecast

OPEC cut demand forecast for its crude oil to a 12-year low, sending oil prices, energy shares and the overall stock market into a dive on Wednesday. West Texas Intermediate (WTI) traded at a day low …

December 10, 2014 - 5:32 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
A rig site in North Dakota

Oil Prices Reach Five Year Low; ConocoPhillips Dials back 2015 Expenditures by 20%

Oil prices slid sharply in Monday trading, dropping by more than 4% to close at a five-year low of $63.02. Brent prices fell in similar fashion, ending the day below the $66.00 mark.

Spot prices for WTI have dropped by …

December 8, 2014 - 6:56 pm Commodity Pricing, Exploration and Production (E&P), OPEC
Capital One Securities Initiates MLP Coverage, Discusses Trends in Exclusive Interview with OAG360

Capital One Securities Initiates MLP Coverage, Discusses Trends in Exclusive Interview with OAG360

Capital One Securities is extending its research coverage to the MLP/Energy – Midstream sector, the firm announced in a December 4, 2014 note. Coverage was initiated on ten companies in the MLP / Energy-Midstream sphere, with six receiving an “Outperform” …

December 5, 2014 - 7:05 pm Analytics, Commodity Pricing, MLPs, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended November 28, 2014

Crude Oil Cuttings for the Week Ended November 28, 2014

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 11/28/14)

Current: 379,335

Actual Build/(Withdrawal): (3,689)

Economist Average Estimate: 950

Previous: 383,024

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


UBS Investment Research Note

December 3, 2014 - 7:14 pm Commodity Pricing, Oil and Gas 360 Articles
Supermajors Prepare for New Oil Frontier by Centralizing Budgets, Focus

Supermajors Prepare for New Oil Frontier by Centralizing Budgets, Focus

Dozens, even hundreds of E&Ps and service providers in the oil and gas industry have recently announced intentions to dial back expenditures in 2015. Supermajors like Shell (NYSE: RDSB) and ExxonMobil (NYSE: XOM), on the other hand, both pledged to …

Hedge Funds on Pace for Most Closures since 2009

Hedge Funds on Pace for Most Closures since 2009

December, the final month of 2014, may be a proverbial light at the end of the tunnel for hedge funds. The year has not been kind to hedge-fund land, as CNBC explained in an October article:

First, they have …

December 3, 2014 - 6:45 pm 360 Company Releases, Commodity Pricing, Finance