We arrive at our desks to weak prices, even with Almost 23% Of Gulf Of Mexico’s Oil-And-Gas Output Cut By Storm: IB Times. Natty will remain depressed withdrawal season begins next fall, while oil needs help from the a ‘Saudi Arabia committed to oil supply stability’. The News Tribe
These notes from last week’s oil supply and demand symposium might be the best thing we read all week: World of Wall Street.
Perhaps to much opinion, but some worthwhile tidbits and interesting charts: Energy and Capital.
Looking at Encana’s investor day presentation, Understanding the Big Picture: Haynesville Play.
Rig count -5 (+16 oil and -21 gas) at Haynesville Play. In their Energy Stat of the Week, Raymond James calls for a 25% reduction in the rig count. WOW. Raymond James
On the Marcellus and natural gas: “Canadian imports into the northeast will probably end in two years (2014), and flip around to a net export position. Midcontinent flows into the Northeast will probably end a year later(2015).” RBN Energy
No wonder then, Natural Gas is Not Breaking Higher: Dragonfly Capital. Gazprom Biggest Loser as Shale Gas Upends World Markets at Bloomberg.
About Chesapeake’s new Chairman: Fuel Fix. With CEO Out, What’s Next For Forest Oil? Wall Street Journal.
Alberta scours the globe for workers: Financial Post.
MAP: How Oil Flows In And Out Of Every Country In The World: Business Insider.