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EIA report for week ending 08/08/08
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Our prediction for week ending 08/15/08
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+50 Bcf

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+88 Bcf
est
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Natural gas, crude oil, and weather market news, prices, analysis, and forecasts for commodities traders, risk managers, and hedgers with current NYMEX, CME, EIA, and energy market data, charts, commentaries, newsletters, and more.
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Featured Articles for August 20, 2008
Forecast & Analysis - Top Stories - Financial - Releases - Weather Stories
Forecast & Analysis
- As Oil Giants Lose Influence, Supply Drops
Oil production has begun falling at all of the major Western oil companies, and they are finding it harder than ever to find new prospects even though they are awash in profits and eager to expand. Full Story
- Boone Pickens Says Crude Oil Isn't Likely to Drop Below $100
Aug. 19 (Bloomberg) -- Oil prices are unlikely to drop below $100 a barrel, though they could dip temporarily, billionaire hedge-fund manager Boone Pickens said today. Full Story
- Fuel Oil Refining Margin to Rise on Lower Supply, Lehman Says By Nesa Subrahmaniyan and Yuji Okada
Aug. 19 (Bloomberg) -- The refining profit, or margin, to make heavy fuel oil will rise through 2010 as production falls amid refiners' investment to make more expensive gasoline, diesel and jet fuel, Lehman Brothers Holdings Inc. said. Full Story
- Oil shocks of the past make their mark on the present
Barring a big hurricane in the Gulf of Mexico or a disruptive geopolitical event, oil prices appear to have peaked. Full Story
- DJ ENERGY MATTERS: Iraq Tops Alaska As US Relies More On OPEC
NEW YORK (Dow Jones)--The U.S. got more crude oil from Iraq than Alaska in June as imports from OPEC continued to top domestic production. Full Story
Top Stories
Financial
Releases
- XTO Energy Declares Quarterly Dividend
FORT WORTH, Texas, Aug. 19 /PRNewswire-FirstCall/ -- The Board of Directors of XTO Energy Inc. (NYSE: XTO) today declared a quarterly cash dividend of 12 cents per share on the Company's outstanding Common Stock payable October 15, 2008 to stockholders of record at the close of business on September 30, 2008. Full Story
- Chesapeake Energy Prospers With Land Buys
NEW YORK (Dow Jones)--Amid a swarm of natural gas producers rushing to acquire acreage in hard-to-drill rock formations throughout the U.S., Chesapeake Energy Corp. (CHK) has stood apart as one of the most voracious land buyers. Full Story
- Chevron Revives 700 Million-Barrel Hebron Project
Aug. 19 (Bloomberg) -- Chevron Corp. resurrected plans to tap a 700 million-barrel oil field off Canada's east coast more than two years after the project collapsed amid a dispute with the provincial government over ownership stakes. Full Story
- Och-Ziff Funds Greenhouse Gas Credits to Bury Carbon
Aug. 19 (Bloomberg) -- Och-Ziff Capital Management Group LLC will invest as much as $500 million in projects that bury greenhouse gases blamed for global warming and create tradable emissions credits. Full Story
- Shell says no progress fixing Nigeria oil pipeline
Repairs to a damaged oil pipeline in Nigeria have been struggling to make significant progress, Royal Dutch Shell said weekend. Full Story
- Enterprise, Teppco to Construct Biggest U.S. Oil Port
Aug. 18 (Bloomberg) -- Enterprise Products Partners LP, Teppco Partners LP and a unit of Marquard & Bahls AG plan to build a $1.8 billion Texas oil port that will be the biggest U.S. crude-import terminal when it opens in 2010. Full Story
- Allegheny Energy Announces $550 Million Financing for Transmission Projects
GREENSBURG, Pa.--(BUSINESS WIRE)--Allegheny Energy, Inc. (NYSE: AYE) announced today that its subsidiary, Trans-Allegheny Interstate Line Company (TrAILCo), closed on a Full Story
- T. Boone Pickens Statement on Meeting with U.S. Senator John McCain (R-AZ) in Aspen, Colorado
DALLAS--(BUSINESS WIRE)--Below is a statement issued by T. Boone Pickens following his meeting this morning with U.S. Senator John McCain (R-AZ) in Aspen, Colorado:
Full Story
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