Energy and Markets Newsletter 0801611

8/3/2019 Energy and Markets Newsletter 0801611

1/8

August 16,2011

Energy Data Highlights

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 earlierup$0.856 from year earlier

Crude oil futures price8/12/2011: $85.38/bbldown$1.50 from week earlierup$9.64 from year earlier

Natural gas futures price8/12/2011: $4.060/mmBtuup$0.119 from week earlier

down$0.240 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

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

Gazprom continues talks with European partners over gas price

Russia's Gazprom said Tuesday its export arm is currently in consultations over

demands 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

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.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8239922http://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.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8239922http://www.eia.gov/oog/info/gdu/gasdiesel.asp


2/8

Don't Build Keystone XL, the Pipeline to Nowherehttp://www.policyinnovations.org/ideas/commentary/data/000220

Green/ Alternative Energy News

US DOE awards $52 mil for CO2 capture development projects

The US Department of Energy on Monday said it would provide $52 million to four

projects aimed at developing advanced CO2 capture and separation technologies

that would help make low-carbon-emission electricity more economically

competitive with traditional power plants.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6377895

Calif. stakeholders press CARB on emissions cap-and-trade designCalifornia stakeholders have urged the state's air-quality regulator to adopt

changes to the design of its cap-and-trade program, which is aimed at cutting

greenhouse gas emissions, in order to reduce compliance costs, comments filed

last week show.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6377910

Crude Oil News

OPEC Daily Basket Price 8/15/2011 --$104.78

(8/12/2011 --$103.81)

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

Brent slips on weak global data, firm dollar

Brent crude futures fell on Tuesday, after rising nearly $2 a the previous day, as

worries about global economic growth and a stronger dollar reduced appetite for

risky assets.
http://www.policyinnovations.org/ideas/commentary/data/000220http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6377895http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6377910http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.reuters.com/finance/futureshttp://www.policyinnovations.org/ideas/commentary/data/000220http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6377895http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6377910http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.reuters.com/finance/futures


3/8

http://www.reuters.com/article/2011/08/16/us-markets-oil-

idUSTRE77838320110816

Crude Futures Drop as Slowing German Economy Signals Demand May

Falter

Oil dropped from the highest in almost two weeks in New York after Germanys

economy all but stagnated in the second quarter, heightening concern that fuelconsumption will diminish

http://www.bloomberg.com/news/2011-08-16/crude-oil-futures-decline-as-

investors-speculate-global-economy-is-slowing.html

ICE launches Low Sulphur Gasoil Futures, Options and Swaps

IntercontinentalExchange, a leading operator of global regulated futures

exchanges, clearing houses and over-the-counter (OTC) markets, today

announced the launch ofICE Low Sulphur Gasoil Futures and Options contracts on

ICE Futures Europe. ICE also announced the introduction of 13 OTC Low Sulphur

Gasoil Swaps cleared by ICE Clear Europe

http://www.commodities-now.com/news/power-and-energy/7413-ice-launches-low-sulphur-gasoil-futures-options-and-swaps.html

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

NYMEX crude settles $2.50/b higher as equities rise

NYMEX September crude oil rallied near the close Monday, settling $2.50 higher at$87.88/barrel, supported by gains in equities and losses in the US dollar.


Saudi Arabia is Opecs real winner

Defeated; humiliated; overpowered Saudi Arabia appeared to come out from the

last meeting of the Opec oil cartel as the loser after it failed to get backing for its

proposal to boost output, with its opponent Iran victorious.

http://www.ft.com/intl/cms/s/0/de25b9ec-c7d3-11e0-9501-00144feabdc0.html?

ftcamp=rss#axzz1VCERVXQB

Russia's Arctic 'Sea Grab'In a multinational race to seize the potential riches of the formerly iceboundArctic, being laid bare by global warming, Russia is the early favoritehttp://www.cnbc.com/id/44147344
http://www.reuters.com/article/2011/08/16/us-markets-oil-idUSTRE77838320110816http://www.reuters.com/article/2011/08/16/us-markets-oil-idUSTRE77838320110816http://topics.bloomberg.com/new-york/http://topics.bloomberg.com/germany/http://www.bloomberg.com/news/2011-08-16/crude-oil-futures-decline-as-investors-speculate-global-economy-is-slowing.htmlhttp://www.bloomberg.com/news/2011-08-16/crude-oil-futures-decline-as-investors-speculate-global-economy-is-slowing.htmlhttp://www.commodities-now.com/news/power-and-energy/7413-ice-launches-low-sulphur-gasoil-futures-options-and-swaps.htmlhttp://tmp/sv70f.tmp/javascript:void(0)http://www.commodities-now.com/news/power-and-energy/7413-ice-launches-low-sulphur-gasoil-futures-options-and-swaps.htmlhttp://www.commodities-now.com/news/power-and-energy/7413-ice-launches-low-sulphur-gasoil-futures-options-and-swaps.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8239992http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6377934http://www.cnbc.com/id/44147344http://www.reuters.com/article/2011/08/16/us-markets-oil-idUSTRE77838320110816http://www.reuters.com/article/2011/08/16/us-markets-oil-idUSTRE77838320110816http://topics.bloomberg.com/new-york/http://topics.bloomberg.com/germany/http://www.bloomberg.com/news/2011-08-16/crude-oil-futures-decline-as-investors-speculate-global-economy-is-slowing.htmlhttp://www.bloomberg.com/news/2011-08-16/crude-oil-futures-decline-as-investors-speculate-global-economy-is-slowing.htmlhttp://www.commodities-now.com/news/power-and-energy/7413-ice-launches-low-sulphur-gasoil-futures-options-and-swaps.htmlhttp://tmp/sv70f.tmp/javascript:void(0)http://www.commodities-now.com/news/power-and-energy/7413-ice-launches-low-sulphur-gasoil-futures-options-and-swaps.htmlhttp://www.commodities-now.com/news/power-and-energy/7413-ice-launches-low-sulphur-gasoil-futures-options-and-swaps.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8239992http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6377934http://www.cnbc.com/id/44147344


4/8

Gas pump prices keep dropping even as oil reboundsRetail gasoline prices continue to fall, although oil prices are rebounding a bit fromsharp drops last week. Oil's small gain was based on hopes that European leaderswould solve that region's debt crisis and thus help drive up demand for thecommodity, analysts said.http://www.latimes.com/business/la-fi-gas-prices-20110816,0,3506610.story

Green/ Alternative Energy News

US House majority leader says green energy best left to private sector

Green energy growth is best left to the free market economy without government

deciding among the competitors, US House of Representatives Majority Leader

Eric Cantor said Friday


Alt fuel vehicle use grows, but still small part of U.S. fleetAlternative fuel vehicles are growing in number, but limited access to renewablefuels leaves them underused and largely running on petrol, according to the U.S.Energy Information Administration.http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/

Government/ Regulations

Weather

Tropical Storm GERT

http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/160834.shtml

6 to 10 Day Outlooks
http://www.latimes.com/topic/intl/europe-PLGEOREG0000014.topichttp://www.latimes.com/business/la-fi-gas-prices-20110816,0,3506610.storyhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6373106http://www.eia.gov/todayinenergy/detail.cfm?id=2590http://www.eia.gov/todayinenergy/detail.cfm?id=2590http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/160834.shtmlhttp://www.latimes.com/topic/intl/europe-PLGEOREG0000014.topichttp://www.latimes.com/business/la-fi-gas-prices-20110816,0,3506610.storyhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6373106http://www.eia.gov/todayinenergy/detail.cfm?id=2590http://www.eia.gov/todayinenergy/detail.cfm?id=2590http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-still-run-on-gas/http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/160834.shtml


5/8

Temperature

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


6/8

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


7/8

Temperature

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


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

Documents

Energy and Markets Newsletter 0801611