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8/3/2019 Energy and Markets Newsletter January 11-2012
1/7
January 11,2012
Energy Data Highlights
Crude oil futures price1/9/2012: $101.31/bblup$2.48 from week earlierup$13.28 from year earlier
Natural gas futures price1/9/2012: $3.011/mmBtuup$0.022 from week earlierdown$1.411 from year earlier
Retail gasoline price1/9/2012: $3.382/galup$0.083 from week earlierup$0.293 from year earlier
Retail diesel price1/9/2012: $3.828/galup$0.045 from week earlier
up$0.495 from year earlier
Weekly coal production12/31/2011: 19.194 million tonsdown1.097 million tons from week earlierup0.167 million tons from year earlier
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/petroleum/gasdiesel/http://www.eia.gov/petroleum/gasdiesel/http://www.eia.gov/cneaf/coal/weekly/weekly_html/wcpweek.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/dnav/ng/hist/rngc1d.htmhttp://www.eia.gov/petroleum/gasdiesel/http://www.eia.gov/petroleum/gasdiesel/http://www.eia.gov/cneaf/coal/weekly/weekly_html/wcpweek.htmlhttp://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RCLC1&f=D8/3/2019 Energy and Markets Newsletter January 11-2012
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EIA Storage Release 1/5/12 (Actual): -76Previous Week: -81 Bcf+11.4 % Change from 1 Year Ago+15.2% Change 5-year Average
2011 Brief: Henry Hub natural gas spot prices fell about 9% in 2011
Wholesale spot natural gas prices in most areas of the United States fellslightly in 2011 from the previous year. Prices at the Henry Hub, a keybenchmark location for pricing throughout the United States, fell 9% toabout $4 per million British thermal units in 2011, the second lowestannual average price since 2002. Strong gains in domestic natural gasproductiongross withdrawals were up about 6% through October 2011especially in the Marcellus and some liquids-rich plays like Eagle Ford,contributed to low average spot natural gas priceshttp://www.eia.gov/todayinenergy/detail.cfm?id=4510Stingray looking into possible offshore natural gas leak
Stingray Pipeline has been notified of a potential offshore natural gas leak,
according to an online notice from pipeline operator Enbridge.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/7005359
Williams puts a Northeast pipeline into service, delays another
The rapid pipeline build-out in the Northeast continues as Williams this week put
into service a gathering system in Pennsylvania to pick up more Marcellus Shale
gas.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6844981
Texas electricity use on the rise in 2011Last years blazing heat helped push up electricity use in Texas by 5
percent in 2011, according to a study released this week by the ElectricReliability Council of Texas (ERCOT), which operates the grid andmanages the electric market for most of Texashttp://fuelfix.com/blog/2012/01/11/texas-electricity-use-on-the-rise-in-2011/
Green/ Alternative Energy News
EU Carbon Permit Set-Aside to Be Decided in Clear-Cut March Vote
The European Parliament is likely to decide in a clear-cut vote at the end of
March whether to back a draft amendment urging a temporary cut in the supply of
carbon allowances, according to a member of the Parliament.
http://www.bloomberg.com/news/2012-01-10/eu-carbon-permit-set-aside-to-be-
decided-in-clear-cut-march-vote.html
Solar bill fails to advance in New Jersey Legislature
A bill that would have increased New Jersey's solar energy mandate fell by the
wayside when the state Legislature failed to vote on it by the end of the day
Monday, the final voting session of the legislative year.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6844983
Crude Oil News
http://www.eia.gov/todayinenergy/detail.cfm?id=4510http://www.eia.gov/dnav/ng/hist/n9010us2m.htmhttp://www.eia.gov/todayinenergy/detail.cfm?id=4330http://www.eia.gov/todayinenergy/detail.cfm?id=3770http://www.eia.gov/todayinenergy/detail.cfm?id=4510http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/7005359http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6844981http://fuelfix.com/blog/2012/01/11/texas-electricity-use-on-the-rise-in-2011/http://ercot.com/news/press_releases/show/473http://fuelfix.com/blog/2012/01/11/texas-electricity-use-on-the-rise-in-2011/http://fuelfix.com/blog/2012/01/11/texas-electricity-use-on-the-rise-in-2011/http://www.bloomberg.com/news/2012-01-10/eu-carbon-permit-set-aside-to-be-decided-in-clear-cut-march-vote.htmlhttp://www.bloomberg.com/news/2012-01-10/eu-carbon-permit-set-aside-to-be-decided-in-clear-cut-march-vote.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6844983http://www.eia.gov/todayinenergy/detail.cfm?id=4510http://www.eia.gov/dnav/ng/hist/n9010us2m.htmhttp://www.eia.gov/todayinenergy/detail.cfm?id=4330http://www.eia.gov/todayinenergy/detail.cfm?id=3770http://www.eia.gov/todayinenergy/detail.cfm?id=4510http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/7005359http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6844981http://fuelfix.com/blog/2012/01/11/texas-electricity-use-on-the-rise-in-2011/http://ercot.com/news/press_releases/show/473http://fuelfix.com/blog/2012/01/11/texas-electricity-use-on-the-rise-in-2011/http://fuelfix.com/blog/2012/01/11/texas-electricity-use-on-the-rise-in-2011/http://www.bloomberg.com/news/2012-01-10/eu-carbon-permit-set-aside-to-be-decided-in-clear-cut-march-vote.htmlhttp://www.bloomberg.com/news/2012-01-10/eu-carbon-permit-set-aside-to-be-decided-in-clear-cut-march-vote.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/68449838/3/2019 Energy and Markets Newsletter January 11-2012
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OPEC Daily Basket Price 1/10/2012 112.98
(OPEC Daily Basket Price 1/9/2012 112.51)
Oil rises on economic optimism, Iran concerns
Oil prices rose on Tuesday as optimism about U.S. economic growth, anxiety
about Iran's nuclear program dispute with the West and unrest in Nigeria overrode
concerns about Europe's economy and debt crisis.
http://www.reuters.com/article/2012/01/10/us-markets-oil-
idUSTRE7AD06820120110
Oil Trades Near a One-Week High as Iran Tension Counters European
Economy
Oil traded near the highest settlement in almost a week, as concern that demand
may be reduced ifEurope slides into a recession was balanced by speculation that
supplies from Iran may be cut.
http://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-
iran-tension-counters-european-economy.html
Oil Pares Loss After Fars Says Iran Nuclear Scientist Killed in Bomb Blast
Oil pared its decline in New York after Irans Fars news agency reported that an
Iranian nuclear scientist was killed in a bomb explosion in northern Tehran.
http://www.bloomberg.com/news/2012-01-11/oil-pares-loss-after-fars-says-iran-
nuclear-scientist-killed-in-bomb-blast.html
Oil Trades Near a One-Week High as Iran Tension Counters European
Economy
Oil traded near the highest settlement in almost a week, as concern that demand
may be reduced ifEurope slides into a recession was balanced by speculation that
supplies from Iran may be cut.
http://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-
iran-tension-counters-european-economy.html
For Global Gasaholics, Ending Subsidies Is the First Step
Fuel subsidies are the crack cocaine of global economic development: easy to get
hooked on, hard to give up. And as every addict knows, there are good and bad
ways to try to kick the habit.http://www.bloomberg.com/news/2012-01-10/for-global-gasaholics-ending-
subsidies-is-the-first-step-to-a-cure-view.html
North Dakota Surpasses OPEC Member Ecuador in Oil Production
North Dakota oil production surged 42 percent to 510,000 barrels a day in
November, exceeding the output of OPEC member Ecuador, as energy explorers
accelerated drilling in the Bakken Shale formation
http://www.bloomberg.com/news/2012-01-10/north-dakota-oil-production-jumps-
42-as-shale-drilling-expands.html
http://www.reuters.com/article/2012/01/10/us-markets-oil-idUSTRE7AD06820120110http://www.reuters.com/article/2012/01/10/us-markets-oil-idUSTRE7AD06820120110http://topics.bloomberg.com/europe/http://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-iran-tension-counters-european-economy.htmlhttp://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-iran-tension-counters-european-economy.htmlhttp://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2012-01-11/oil-pares-loss-after-fars-says-iran-nuclear-scientist-killed-in-bomb-blast.htmlhttp://www.bloomberg.com/news/2012-01-11/oil-pares-loss-after-fars-says-iran-nuclear-scientist-killed-in-bomb-blast.htmlhttp://topics.bloomberg.com/europe/http://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-iran-tension-counters-european-economy.htmlhttp://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-iran-tension-counters-european-economy.htmlhttp://www.bloomberg.com/news/2012-01-10/for-global-gasaholics-ending-subsidies-is-the-first-step-to-a-cure-view.htmlhttp://www.bloomberg.com/news/2012-01-10/for-global-gasaholics-ending-subsidies-is-the-first-step-to-a-cure-view.htmlhttp://topics.bloomberg.com/north-dakota/http://www.bloomberg.com/apps/quote?ticker=BAKKNODA:INDhttp://www.bloomberg.com/news/2012-01-10/north-dakota-oil-production-jumps-42-as-shale-drilling-expands.htmlhttp://www.bloomberg.com/news/2012-01-10/north-dakota-oil-production-jumps-42-as-shale-drilling-expands.htmlhttp://www.reuters.com/article/2012/01/10/us-markets-oil-idUSTRE7AD06820120110http://www.reuters.com/article/2012/01/10/us-markets-oil-idUSTRE7AD06820120110http://topics.bloomberg.com/europe/http://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-iran-tension-counters-european-economy.htmlhttp://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-iran-tension-counters-european-economy.htmlhttp://topics.bloomberg.com/new-york/http://www.bloomberg.com/news/2012-01-11/oil-pares-loss-after-fars-says-iran-nuclear-scientist-killed-in-bomb-blast.htmlhttp://www.bloomberg.com/news/2012-01-11/oil-pares-loss-after-fars-says-iran-nuclear-scientist-killed-in-bomb-blast.htmlhttp://topics.bloomberg.com/europe/http://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-iran-tension-counters-european-economy.htmlhttp://www.bloomberg.com/news/2012-01-11/oil-trades-near-a-one-week-high-as-iran-tension-counters-european-economy.htmlhttp://www.bloomberg.com/news/2012-01-10/for-global-gasaholics-ending-subsidies-is-the-first-step-to-a-cure-view.htmlhttp://www.bloomberg.com/news/2012-01-10/for-global-gasaholics-ending-subsidies-is-the-first-step-to-a-cure-view.htmlhttp://topics.bloomberg.com/north-dakota/http://www.bloomberg.com/apps/quote?ticker=BAKKNODA:INDhttp://www.bloomberg.com/news/2012-01-10/north-dakota-oil-production-jumps-42-as-shale-drilling-expands.htmlhttp://www.bloomberg.com/news/2012-01-10/north-dakota-oil-production-jumps-42-as-shale-drilling-expands.html8/3/2019 Energy and Markets Newsletter January 11-2012
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Enterprise extends commitment period for Pennsylvania-Texas pipelineEnterprise Product Partners is looking for more commitments fromshippers for its planned 1,230-mile Appalachia to Texas pipeline, theATEX Express. Enterprise began an additional two-week opencommitment period Tuesday, as it seeks long-term transportationcommitments for use of the pipeline in delivering natural gas produced
in the Marcellus Shale to the Gulf Coast.http://fuelfix.com/blog/2012/01/10/enterprise-extends-commitment-period-for-pennsylvania-texas-pipeline/
Exports fuel record year for U.S. diesel productionU.S. refiners weekly production of distillate fuel hit five-year highs formuch of 2011, spurred by strong demand for distillates overseas and thesolid pricing for the fuels in the U.S., according to the federal EnergyInformation Administration.http://fuelfix.com/blog/2012/01/10/exports-fuel-record-year-for-u-s-diesel-production/
China's commodities import robust despite ebbing demand
China's imports of crude oil and key industrial commodities proved resilient in
December, with copper shipments bucking expectations and rising about 13
percent on the month to a record high. But analysts said the headline numbers
did not reflect actual consumption, with the figures likely distorted by a rush to
stock up ahead of the Lunar New Year holiday in January, fulfillment of term
contracts and use of copper as a financing tool.
http://www.commodities-now.com/commodities-now-news/general/9582-chinas-
commodities-import-robust-despite-ebbing-demand.html
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. 6 Jan 12 2007 Unchanged 29 Dec11
+307 7 Jan 11
Canada 6 Jan 12 361 140 29 Dec11
-61 7 Jan 11
International
December 2011
1180 -5 November 2011
+62 December2010
http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm
Weather
http://fuelfix.com/blog/2012/01/10/enterprise-extends-commitment-period-for-pennsylvania-texas-pipeline/http://fuelfix.com/blog/2012/01/10/enterprise-extends-commitment-period-for-pennsylvania-texas-pipeline/http://fuelfix.com/blog/2012/01/10/enterprise-extends-commitment-period-for-pennsylvania-texas-pipeline/http://fuelfix.com/blog/2012/01/10/exports-fuel-record-year-for-u-s-diesel-production/http://www.eia.gov/http://www.eia.gov/http://fuelfix.com/blog/2012/01/10/exports-fuel-record-year-for-u-s-diesel-production/http://fuelfix.com/blog/2012/01/10/exports-fuel-record-year-for-u-s-diesel-production/http://www.commodities-now.com/commodities-now-news/general/9582-chinas-commodities-import-robust-despite-ebbing-demand.htmlhttp://www.commodities-now.com/commodities-now-news/general/9582-chinas-commodities-import-robust-despite-ebbing-demand.htmlhttp://www.commodities-now.com/commodities-now-news/general/9582-chinas-commodities-import-robust-despite-ebbing-demand.htmlhttp://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://fuelfix.com/blog/2012/01/10/enterprise-extends-commitment-period-for-pennsylvania-texas-pipeline/http://fuelfix.com/blog/2012/01/10/enterprise-extends-commitment-period-for-pennsylvania-texas-pipeline/http://fuelfix.com/blog/2012/01/10/enterprise-extends-commitment-period-for-pennsylvania-texas-pipeline/http://fuelfix.com/blog/2012/01/10/exports-fuel-record-year-for-u-s-diesel-production/http://www.eia.gov/http://www.eia.gov/http://fuelfix.com/blog/2012/01/10/exports-fuel-record-year-for-u-s-diesel-production/http://fuelfix.com/blog/2012/01/10/exports-fuel-record-year-for-u-s-diesel-production/http://www.commodities-now.com/commodities-now-news/general/9582-chinas-commodities-import-robust-despite-ebbing-demand.htmlhttp://www.commodities-now.com/commodities-now-news/general/9582-chinas-commodities-import-robust-despite-ebbing-demand.htmlhttp://www.commodities-now.com/commodities-now-news/general/9582-chinas-commodities-import-robust-despite-ebbing-demand.htmlhttp://investor.shareholder.com/bhi/rig_counts/rc_index.cfm8/3/2019 Energy and Markets Newsletter January 11-2012
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6 to 10 Day Outlooks
Temperature
Precipitation
http://www.cpc.ncep.noaa.gov/products/predictions/610day/610prcp.new.gifhttp://www.cpc.ncep.noaa.gov/products/predictions/610day/610temp.new.gif8/3/2019 Energy and Markets Newsletter January 11-2012
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8 to 14 Day Outlooks
Temperature
Precipitation
http://www.cpc.ncep.noaa.gov/products/predictions/814day/814prcp.new.gifhttp://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gif8/3/2019 Energy and Markets Newsletter January 11-2012
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