energy and markets newsletter 101311

8/3/2019 Energy and Markets Newsletter 101311

1/8

October 13,2011

Energy Data HighlightsCrude oil futures price10/11/2011: $85.81/bblup$10.14 from week earlierup$4.48 from year earlier

Natural gas futures price

10/11/2011: $3.616/mmBtudown$0.022 from week earlierup$0.016 from year earlier

Retail gasoline price10/10/2011: $3.417/galdown$0.016 from week earlierup$0.598 from year earlier

Retail diesel price10/10/2011: $3.721/galdown$0.028 from week earlier

up$0.655 from year earlier

Weekly coal production10/1/2011: 21.911 million tonsup0.718 million tons from week earlierup0.481 million tons from year earlier

http://www.eia.gov/

Natural Gas/ Power News

EIA Storage Release 10/6/11 (Actual): +97 BcfPrevious Week: +111 Bcf-2.2% Change from 1 Year Ago+0.8% Change 5-year Average

Cybercrime becomes bigger threat to energy industry than terrorists

In years past, discussions about security in the energy industry usually focused on

protecting refineries from terrorist attacks and overseas workers from kidnapping.

http://fuelfix.com/blog/2011/10/13/cybercrime-becomes-bigger-threat-to-energy-

industry-than-terrorists/

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://fuelfix.com/blog/2011/10/13/cybercrime-becomes-bigger-threat-to-energy-industry-than-terrorists/http://fuelfix.com/blog/2011/10/13/cybercrime-becomes-bigger-threat-to-energy-industry-than-terrorists/http://fuelfix.com/blog/2011/10/13/cybercrime-becomes-bigger-threat-to-energy-industry-than-terrorists/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://fuelfix.com/blog/2011/10/13/cybercrime-becomes-bigger-threat-to-energy-industry-than-terrorists/http://fuelfix.com/blog/2011/10/13/cybercrime-becomes-bigger-threat-to-energy-industry-than-terrorists/http://fuelfix.com/blog/2011/10/13/cybercrime-becomes-bigger-threat-to-energy-industry-than-terrorists/http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RCLC1&f=D


2/8

Williams last-minute bid for SUG assets fell through

Houston-based Southern Union Co. was the center of a fierce bidding war this

summer, which Energy Transfer Equity appears to have won. But rival suitor

Williams Co. made a last-minute bid for some of Southern Unions assets, a bid

that appears to have failed, according to a filing made Tuesday

http://fuelfix.com/blog/2011/10/12/williams-last-minute-bid-for-sug-assets-fell-

through/

Drilling shift, power demand could hit gas oversupply: Conoco executive

The abundance of US shale gas, a game changer for the natural gas industry in

the country, has also led to a misconception that the US is vastly oversupplied, a

ConocoPhillips official said Wednesday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6576717

Italy's Eni to restart Libyan gas export pipeline Oct 13

Italian oil major Eni is planning to resume Libyan gas imports through the

Greenstream subsea gas pipeline on Thursday, Italy's Correra della Sera reported

Wednesday without citing sources.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8452276

Green/ Alternative Energy News

Clean-Energy Investment Rises Annual 16% in Quarter, BNEF Says

New investment in clean energy rose 16 percent in the third quarter to $45.4

billion, driven by a surge in wind and solar plant financings even amid Europes

debt turmoil, Bloomberg New Energy Finance said. Asset finance of utility-scale

renewable-energy projects jumped to a record $41.8 billion in the quarter, led by

offshore wind deals, the London-based researcher said today in a statement.

http://www.bloomberg.com/news/2011-10-13/clean-energy-investment-rises-

annual-16-in-quarter-bnef-says.html

Munich Re Sees Window of Opportunity in Spanish Solar Plants

Munich Re, the worlds biggest reinsurer, said investments in Spanish solar plants

are being offered at attractive prices by developers and banks, providing a

window of opportunity for investors. Supply of photovoltaic plants in Spain

clearly exceeds demand at the moment, said Robert Pottmann, head of

renewable energy and new technologies at MEAG, the Munich-based reinsurers

asset manager. This is a window of opportunity offering pretty attractive returns

to investors.
http://fuelfix.com/blog/2011/10/12/williams-last-minute-bid-for-sug-assets-fell-through/http://fuelfix.com/blog/2011/07/20/energy-transfer-equity-raises-offer-for-southern-union/http://fuelfix.com/blog/2011/08/17/southern-union-is-sticking-with-energy-transfer/http://fuelfix.com/blog/2011/10/12/williams-last-minute-bid-for-sug-assets-fell-through/http://fuelfix.com/blog/2011/10/12/williams-last-minute-bid-for-sug-assets-fell-through/http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6576717http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8452276http://www.bloomberg.com/news/2011-10-13/clean-energy-investment-rises-annual-16-in-quarter-bnef-says.htmlhttp://www.bloomberg.com/news/2011-10-13/clean-energy-investment-rises-annual-16-in-quarter-bnef-says.htmlhttp://fuelfix.com/blog/2011/10/12/williams-last-minute-bid-for-sug-assets-fell-through/http://fuelfix.com/blog/2011/07/20/energy-transfer-equity-raises-offer-for-southern-union/http://fuelfix.com/blog/2011/08/17/southern-union-is-sticking-with-energy-transfer/http://fuelfix.com/blog/2011/10/12/williams-last-minute-bid-for-sug-assets-fell-through/http://fuelfix.com/blog/2011/10/12/williams-last-minute-bid-for-sug-assets-fell-through/http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6576717http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8452276http://www.bloomberg.com/news/2011-10-13/clean-energy-investment-rises-annual-16-in-quarter-bnef-says.htmlhttp://www.bloomberg.com/news/2011-10-13/clean-energy-investment-rises-annual-16-in-quarter-bnef-says.html


3/8

http://www.bloomberg.com/news/2011-10-13/munich-re-sees-window-of-

opportunity-in-spanish-solar-plants.html

Eurogas sees 80% cut in EU CO2 by 2050 possible with 32% gas share

Increasing gas' share in the EU's energy mix from 26% in 2010 to 32% in 2050could contribute to meeting the EU's goal to cut its greenhouse gas emissions by

80% on 1990 levels by 2050, according to a study by European gas association

Eurogas published Thursday.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8457216

Crude Oil News

OPEC Daily Basket Price 10/12/2011- $107.68

(10/11/2011- $105.61)

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. 7 Oct 11 2012 22 30 Sept11

+341 8 Oct 10

Canada 7 Oct 11 522 12 30 Sept11

+119 8 Oct 10

International

September 2011

1174 -9 August2011

+54 September2010

http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm

Oil Falls for a Second Day on Speculation U.S. and China Demand Will

Slow

Oil dropped for a second day in New York as signs of weakening U.S. fuel demand

and slowing crude imports in China stoked speculation that consumption will falter

in the worlds largest energy users. Futures fell as much as 1.9 percent before the

Energy Department publishes figures that may show that crude inventories rose

last week. The American Petroleum Institute said yesterday that U.S. gasoline

demand slid the most in more than five years. Chinas net crude imports declined

to the third-lowest level this year, the customs bureau said today.
http://www.bloomberg.com/news/2011-10-13/munich-re-sees-window-of-opportunity-in-spanish-solar-plants.htmlhttp://www.bloomberg.com/news/2011-10-13/munich-re-sees-window-of-opportunity-in-spanish-solar-plants.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8457216http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.bloomberg.com/news/2011-10-13/munich-re-sees-window-of-opportunity-in-spanish-solar-plants.htmlhttp://www.bloomberg.com/news/2011-10-13/munich-re-sees-window-of-opportunity-in-spanish-solar-plants.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8457216http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm


4/8

http://www.bloomberg.com/news/2011-10-12/crude-oil-declines-for-second-day-in-

new-york-after-iea-s-demand-forecast.html

Energy prices continue to climbEnergy prices continued to rise Oct. 11 with front-month crude up a modest 0.5%for the day after failing to maintain an intraday high above $86/bbl in the New

York market. Natural gas continued to surge, jumping 2.3%.http://www.ogj.com/articles/2011/10/market-watch-energy-prices-continue-to-climb.html

European crude stocks hit multi-year low

European oil stocks have plunged to their lowest in almost nine years after a waveof supply disruptions, the International Energy Agency said on Wednesday, afinding that explains the recent strength of Brent crude. The western countriesoil watchdog said that European stocks fell in August, the latest month for whichdata are available, to less than 310m barrels, the lowest level since February2003, due to a series of supply-side factors. These included the loss of Libyansupplies, North Sea production outages, pipeline sabotage in Nigeria and the

gradual redirection of Russian crude flows towards Asia.http://www.ft.com/intl/cms/s/0/de085f44-f4a8-11e0-a286-00144feab49a.html#axzz1aNUQw4Tp

Total charts risky path in hunt for oilTotal, the French oil company, has adopted a much bolder exploration strategy

and will take on higher risk, higher reward acreage, according to Christophe de

Margerie, its chairman and chief executive. The company will increase its net

capital expenditure to an average of $23bn a year over the next four years, up

from an average of $18.5bn over the past two years. But while the money was a

vital ingredient of the invigorated strategy, it is not the essence, Mr de Margerie

said. Its much more a new behaviour in the way we are spending this money. Itis definitely in a more bold way. We were probably too cautious in the past, he

admitted.

http://www.ft.com/intl/cms/s/0/68659e7a-f4e2-11e0-ba2d-

00144feab49a.html#axzz1aNUQw4Tp

Energy Risk Europe: eurozone sovereign debt fears could exacerbate oilsupply problems, says CurrieFears that the sovereign debt crisis in the eurozone will lead to financial stress

across the globe is causing oil producers to destock and cut back on investment -shifts that could lead to supply problems if a global systemic event does not occur,warned Jeffrey Currie, global head of commodities research at Goldman Sachs,speaking at the Energy Risk Europe conference in London this morning.http://www.risk.net/energy-risk/news/2116680/energy-risk-europe-eurozone-sovereign-debt-fears-exacerbate-oil-supply-currie

Return of Libyan Oil Muddies the WaterAfter six months, some Libyan oil is coming back to market, and crude pricescould come under pressure as a result. Why? Because the output is returningsooner than expected, while demand projections are wavering. The collapse ofLibya's oil exports earlier this year amid booming demand had the Organization of

the Petroleum Exporting Countries opening up the spigots to prevent prices from
http://www.bloomberg.com/news/2011-10-12/crude-oil-declines-for-second-day-in-new-york-after-iea-s-demand-forecast.htmlhttp://www.bloomberg.com/news/2011-10-12/crude-oil-declines-for-second-day-in-new-york-after-iea-s-demand-forecast.htmlhttp://www.ogj.com/articles/2011/10/market-watch-energy-prices-continue-to-climb.htmlhttp://www.ogj.com/articles/2011/10/market-watch-energy-prices-continue-to-climb.htmlhttp://www.risk.net/energy-risk/news/2116680/energy-risk-europe-eurozone-sovereign-debt-fears-exacerbate-oil-supply-curriehttp://www.risk.net/energy-risk/news/2116680/energy-risk-europe-eurozone-sovereign-debt-fears-exacerbate-oil-supply-curriehttp://www.bloomberg.com/news/2011-10-12/crude-oil-declines-for-second-day-in-new-york-after-iea-s-demand-forecast.htmlhttp://www.bloomberg.com/news/2011-10-12/crude-oil-declines-for-second-day-in-new-york-after-iea-s-demand-forecast.htmlhttp://www.ogj.com/articles/2011/10/market-watch-energy-prices-continue-to-climb.htmlhttp://www.ogj.com/articles/2011/10/market-watch-energy-prices-continue-to-climb.htmlhttp://www.risk.net/energy-risk/news/2116680/energy-risk-europe-eurozone-sovereign-debt-fears-exacerbate-oil-supply-curriehttp://www.risk.net/energy-risk/news/2116680/energy-risk-europe-eurozone-sovereign-debt-fears-exacerbate-oil-supply-currie


5/8

returning to the destructive highs of 2008.http://online.wsj.com/article/SB10001424052970203914304576626730767339822.html?mod=WSJ_Commodities_LEFTTopNews

Weather

6 to 10 Day Outlooks

Temperature

Precipitation
http://online.wsj.com/article/SB10001424052970203914304576626730767339822.html?mod=WSJ_Commodities_LEFTTopNewshttp://online.wsj.com/article/SB10001424052970203914304576626730767339822.html?mod=WSJ_Commodities_LEFTTopNewshttp://www.cpc.ncep.noaa.gov/products/predictions/610day/610temp.new.gifhttp://online.wsj.com/article/SB10001424052970203914304576626730767339822.html?mod=WSJ_Commodities_LEFTTopNewshttp://online.wsj.com/article/SB10001424052970203914304576626730767339822.html?mod=WSJ_Commodities_LEFTTopNews


6/8

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


7/8

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


8/8

energy and markets newsletter 101311

Documents