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August 22, 2011

Energy Data Highlights

Crude oil futures price 8/18/2011: $82.38/bbl down$3.34 from week earlier up$6.96 from year earlier Natural gas futures price 8/18/2011: $3.892/mmBtu down$0.216 from week earlier down$0.348 from year earlier Weekly coal production 8/13/2011: 20.261 million tons down0.205 million tons from week earlier down1.006 million tons from year earlier Natural gas inventories 8/12/2011: 2,833 Bcf up50 Bcf from week earlier down175 Bcf from year earlier Crude oil inventories 8/12/2011: 354.0 mmbbl up4.2 mmbbl from week earlier down0.2 mmbbl from year earlier http://www.eia.gov/

Natural Gas/ Power News EIA Storage Release 8/18/11 (Actual): +50 Bcf Previous Week: +25 Bcf -5.8% Change from 1 Year Ago -2.5% Change 5-year Average U.S. natural gas consumption for electric power tops industrial consumption Since December 2008, the rolling 12-month total consumption of natural gas by the electric power sector has consistently exceeded the same measure of natural

gas consumption by the industrial sector http://www.eia.gov/todayinenergy/detail.cfm?id=2730 Shell, PetroChinas Arrow Energy Offers $540 Million to Acquire Bow Energy Arrow Energy Ltd., owned by Royal Dutch Shell Plc (RDSA) and PetroChina Co., offered about A$520 million ($540 million) for Bow Energy Ltd. (BOW), seeking more resources to underpin a proposed liquefied natural gas project in Australia. http://www.bloomberg.com/news/2011-08-21/bow-energy-receives-proposal-fromarrow-energy-at-a-1-48-share.html Construction accelerated on Permian-to-Gulf pipeline DCP Midstream is accelerating plans to construct a 720-mile pipeline for natural gas liquids through Texas, connecting the Permian and Eagle Ford basins to Mont Belvieu, the company announced. http://fuelfix.com/blog/2011/08/19/construction-accelerated-on-permian-to-gulfpipeline/

Crude Oil News

OPEC Daily Basket Price 8/19/2011 --$103.36 (8/18/2011 --$105.42) Recent Rig Counts Last Count Change Cou from Prior nt Count +15 +22 -8 Date of Prior Count 12 Aug 11 12 Aug 11 June 2011 Change Date of Last from Last Year's Year Count +323 +107 +41 13 Aug 10 13 Aug 10 July 2010

Area U.S. Canada Internatio nal

19 Aug 1974 11 19 Aug 11 July 2011 486 1150

http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm Europe Gasoline Falls as Total Sells; Gasoil Drops: Oil Products European gasoline prices fell as much as $17 a metric ton as Total SA sold barges of the motor fuel. Gasoil also declined on Londons ICE Futures Europe exchange, following crude futures lower http://www.bloomberg.com/news/2011-08-19/europe-gasoline-falls-as-total-sellsgasoil-drops-oil-products.html U.S. crude jumps more $1 as dollar slips U.S. crude oil futures rose more than $1 a barrel on Monday as the dollar eased against a basket of currencies and as stock markets rose on hopes for a swift end to the conflict in Libya.

http://www.reuters.com/article/2011/08/22/us-markets-oilidUSTRE77838320110822?feedType=RSS&feedName=wtMostRead

Crude futures volatile as recession fears face supply/demand balances Crude oil futures remain volatile as fears of a recession are mixed with a firm supply and demand balance in the oil market, Goldman Sachs analysts said Friday. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6392734 Brent Crude Slides as Libyan Rebels Brent oil fell in London, narrowing its record premium to the main U.S. oil grade, as investors bet that Libyan production may recover after rebels entered the capital city of Tripoli in a push to force out Muammar Qaddafi. http://www.bloomberg.com/news/2011-08-22/brent-slides-as-libyan-rebels-entertripoli-premium-to-u-s-crude-narrows.html Gaddafi effect on oil It looks like a potential Libyan regime change is already beginning to affect oil prices on Monday http://ftalphaville.ft.com/blog/2011/08/22/658706/the-gaddafi-effect-on-oil/ Crude eases on hopes for Libyan supply Oil prices fell on Monday after Libyan rebels seized large areas of the capital Tripoli, bringing hopes of a return to the market of the worlds 12th largest oil exporter http://www.ft.com/intl/cms/s/0/7e140264-cca3-11e0-b92300144feabdc0.html#axzz1Vl6BIgkz European oil companies watch Libya closely, eye possible return European oil companies Monday were watching developments in Libya closely to gauge when they may be able to return to the country and restart oil and gas operations. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8259368

Weather -Hurricane IRENE

http://www.nhc.noaa.gov/text/refresh/MIATCPAT4+shtml/221053.shtml

Tropical Depression HARVEY http://www.nhc.noaa.gov/text/refresh/MIATCPAT3+shtml/221226.shtml

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