First Enercast Featured Articles for Mar. 9, 2010
Forecast & Analysis - Top Stories - Financial - Releases - Weather Stories
Forecast & Analysis
The Natural Gas Shopping Spree Quickens
Posted by James Herron There's one thing that major oil companies can't get enough of these days--unconventional gas...
DJ MARKETWATCH VIEW: Energy Regulations Are Misguided
By Irwin Kellner A DOW JONES COLUMN No, Virginia, your eyes are not getting weaker. Your light bulbs are...
DJ US OIL INVENTORIES SURVEY: Crude Stocks Expected To Rise
NEW YORK (Dow Jones)--U.S. crude-oil stocks are seen rising in data due Wednesday from the Department of Energy, according to a Dow Jones Newswires survey of analysts...
Typical Spring Oil-Price Bounce No Sure Thing In 2010
By Brian Baskin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The oil market's usual spring bounce may more closely resemble a thud this year. The U.S...
IEA Tanaka: Current Energy Trends Unsustainable
PARIS (Dow Jones)--Current energy trends in the world are "very unsustainable" due to increasing demand and the substantial proportion of fossil fuels in the energy mix, the executive director...
Oil To Transition To $80-$90/Bbl Range-BarCap
[Dow Jones] The dominant range for oil prices is transitioning away from the long-held period of $70-$80/bbl to a $80-$90/bbl range, says Barclays Capital...
Top Stories
No New Decision Expected At OPEC Mtg -Libya Oil Head
DUBAI (Zawya Dow Jones)--No new decision is expected at next week's meeting of the Organization of Petroleum Exporting Countries in Vienna, but the picture of the crude market remains...
White House To Host Climate, Energy Meeting With Senators
By Ian Talley Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama will later Tuesday host a meeting between some of his top cabinet officials and senior Democratic...
U.S. Nuclear Output Falls as Trips Put Two Reactors Offline
By Emily Feldman March 9 (Bloomberg) -- U.S. nuclear output fell to a three- month low as the Wolf Creek Reactor in Kansas and Grand Gulf reactor in Mississippi shut...
Nigeria May Push for Higher OPEC Oil Quota, NNPC Says
By Carli Lourens March 9 (Bloomberg) -- Nigeria may seek to increase its OPEC oil production quota if output remains free from militant disruption, an official from state-owned...
Exxon Lowers Bar, Buys Assets Previously Deemed Unattractive
By Edward Klump March 9 (Bloomberg) -- Exxon Mobil Corp...
FBI, U.S. Marshals Search for Missing AGL Executive
By Edward Klump March 8 (Bloomberg) -- The Federal Bureau of Investigation and U.S. Marshals are working with New Orleans police in the search for missing AGL Resources Inc...
Financial
US GAS: Futures Climb On Bargain-Buying Despite Mild Weather
By Christine Buurma Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Natural gas futures rose on bargain-buying Tuesday despite spring-like weather in the eastern and...
OIL FUTURES: Crude Weakens As Equities, Dollar Weigh On Prices
By Edward Welsch Of DOW JONES NEWSWIRES (Dow Jones)--Crude oil futures fell Tuesday morning as action in the equity and currency markets weighed on prices, and traders...
Natural Gas Rises as Prices at Three-Month Lows Spur Buying
By Asjylyn Loder March 9 (Bloomberg) -- Natural gas rose in New York as a drop to a three-month low yesterday spurred buying...
Crude Oil Falls as Global Equities Drop, Dollar Strengthens
By Mark Shenk March 9 (Bloomberg) -- Crude oil declined as equities slipped on speculation that the global economic recovery is slowing and the dollar gained against the euro...
US Fines Husky, BP Ohio Refinery $3M For Alleged Safety Violations
OTTAWA (Dow Jones)--The U.S. government said Monday it issued a $3 million fine to a BP PLC (BP) and Husky Energy Inc. (HSE...
OIL FUTURES: Oil At 8-Week High On Economic-Growth Prospects
By Claire Rangel Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Crude-oil prices closed at an eight-week high Monday, lifted by a more upbeat outlook for the economy...
Releases
Anadarko To Buy Back Up To $1B Of Debt, Plans Note Sale
Anadarko Petroleum Corp. (APC) said it will buy back up to $1 billion of its outstanding debt, saying it will sell at least $500 million in notes to fund the purchases...
Chevron: Production To Grow 1% Per Year Through 2014
By Isabel Ordonez Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Chevron Corp. (CVX) said Tuesday its production would grow about 1% through 2014 and 4% to 5% from 2014 to 2017...
Chevron to Sell Refinery, Cut 2,000 Jobs Through 2011
By Joe Carroll March 9 (Bloomberg) -- Chevron Corp., the second-largest U.S...
ExxonMobil: Minor Fire At Beaumont Refinery Extinguished Quickly
NEW YORK (Dow Jones)--A fire Saturday at ExxonMobil Corp's. (XOM) Beaumont, Texas, oil refinery caused minor damage to a crude distillation unit, company spokesman Kevin Allexon said Monday...
Devon Energy Announces Senior Management Appointments
OKLAHOMA CITY, March 8 /PRNewswire-FirstCall/ -- Devon Energy Corporation (NYSE: DVN) today announced the elections of two corporate officers...
Total to Close Down Flanders Refinery on Weak Demand
By Tara Patel March 8 (Bloomberg) -- Total SA confirmed that its Flanders refinery in France, idled since September because of weak demand for oil products, will be shut down for good...
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