Energy and Markets Newsletter January 11-2012

8/3/2019 Energy and Markets Newsletter January 11-2012

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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=D


2/7

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/6844983


3/7

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.html


4/7

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.cfm


5/7

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.gif


6/7

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.gif


7/7

Energy and Markets Newsletter January 11-2012

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