Community Editor, North American Power & Gas Forum
Jeanine's Feed
Mar 10, 2014

Oil sinks on weak Chinese data, end of heating season

NEW YORK, March 10 (Reuters) – U.S. oil fell by more than $1
per barrel on Monday, pressured by an unexpected fall in China’s
exports that stoked fears of a slowdown in the world’s second
largest economy.

Moderating temperatures that will cut the need for heating
fuels also weighed on U.S. oil prices. U.S. ultra low-sulfur
diesel futures, more commonly known as heating oil, were
down 1.5 percent.

Mar 5, 2014

Oil down $1 as winter demand, Ukraine worries ease

NEW YORK, March 5 (Reuters) – Oil fell by more than $1 on
Wednesday as fears eased that Russia’s incursion into Ukraine
could lead to war, deflating oil’s geopolitical risk premium,
while U.S. government data reflected weaker oil demand.

Russian President Vladimir Putin said on Tuesday he would
use force in Ukraine only as a “last resort”. On Wednesday, he
said he did not want political tension to detract from economic
cooperation with Russia’s “traditional partners”.

Feb 27, 2014

Brent oil weakens on Ukraine worries

NEW YORK, Feb 27 (Reuters) – Brent oil futures fell on
Thursday, pressured by civil unrest in Ukraine that curbed
overall risk appetite and fueled fears that it would slow growth
in Europe and lessen oil demand.

U.S. oil futures also fell, but losses were capped by data
showing the fourth straight weekly decline in oil stocks at
Cushing, Oklahoma, the benchmark delivery point for the U.S. oil
futures contract.

Feb 25, 2014

Barclays pulls down shutters on European, U.S. power trading desks

NEW YORK, Feb 25 (Reuters) – Britain’s Barclays Plc
said on Tuesday it has closed its power trading desks in London
and New York, joining a string of global investment banks that
are paring down their commodity market activities as increased
regulations bite.

Barclays, a top-five banking player in commodities trading
which is in the process of shrinking its investment banking
activities, said its “core commodities franchise continues to
operate business as usual”.

Feb 24, 2014

U.S. oil up on expected Cushing draw; Libya unrest supports Brent

NEW YORK, Feb 24 (Reuters) – U.S. oil rose on Monday,
supported by upbeat economic data that fueled hopes for demand
growth and expectations that supplies would continue to drain
from the benchmark delivery point for the U.S. oil futures
contract.

Brent oil was supported by production outages in Libya and
South Sudan that curbed exports and tightened global supply.

Feb 24, 2014

Harsh U.S. winter roils natgas market, upends some strategies

NEW YORK (Reuters) – When volatility returned to the U.S. natural gas market this winter after years of sleepy trade, the wild price swings created unexpected winners and losers.

The coldest winter in two decades boosted heating demand to all-time highs, quickly reduced stockpiles and prompted the kind of sweeping highs and lows that the market has not seen since shale drilling began flooding the United States with gas in 2009.

Feb 21, 2014

Extreme U.S. winter roils natural gas market, upends some trading strategies

NEW YORK (Reuters) – When volatility returned to the U.S. natural gas market this winter after years of sleepy trade, the wild price swings created unexpected winners and losers.

The coldest winter in two decades boosted heating demand to all-time highs, quickly reduced stockpiles and prompted the kind of sweeping highs and lows that the market has not seen since shale drilling began flooding the United States with gas in 2009.

Feb 20, 2014

Cargill loses $100 mln in U.S. winter energy trade -SparkSpread

NEW YORK, Feb 20 (Reuters) – Global commodities trader
Cargill Inc lost at least $100 million after a
weeks-long bout of frigid weather in the United States sharply
lifted power and natural gas prices, an industry publication
reported on Thursday.

Cargill lost most of the money in the PJM power market, the
Pennsylvania-based electric power grid operator, online industry
publication SparkSpread.com reported on Thursday. Arctic weather
in January forced power prices to a high of $1,500 per megawatt
hour (MWh), some 30 times the average.

Feb 13, 2014

Oil slips on weak U.S. data, refinery maintenance

NEW YORK, Feb 13 (Reuters) – Crude oil prices slipped on
Thursday, pressured by an expected dip in demand during the
refinery maintenance season and a rise in jobless claims in the
United States, the world’s largest oil consumer.

The poor jobless data was compounded by weak U.S. retail
sales data suggesting that consumers used their money toward
heating fuel this year amid a record cold winter. The data
pressured the U.S. stock market and weighed on oil prices.

Feb 12, 2014

US oil ends at 4-month high, spread narrows on Cushing draw

NEW YORK, Feb 12 (Reuters) – U.S. oil settled at a
four-month high on Wednesday supported by expectations that
one-time landlocked oil at the U.S. contract’s benchmark
delivery point would continue to flow to Gulf Coast refineries
after government data showed a large drain in supplies there.

The U.S. oil futures contract traded above $100 per barrel
for the entire session for the first time since Oct. 18, and
settled at its highest point since then, after data showed
TransCanada Corp’s Gulf Coast pipeline began in earnest
to drain oil from benchmark delivery point Cushing, Oklahoma.

    • About Jeanine

      "I am the editor of a Reuters chat room that covers the North American natural gas and power markets. Prior to that, I was the managing editor of a trade publication that focused exclusively on the power industry and its financing. I covered the New York Mercantile Exchange natural gas futures market for Dow Jones Newswires for two years in Houston. I've also reported and written about the over-the-counter equity and foreign exchange derivatives markets for a trade publication in New York, and was an editor/analyst for energy consultancy Poten & Partners for two years, also New York."
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