Morning Petrospective – September 3, 2010
FMX Newswire
FMX Newswire is an overnight news summary designed to meet the needs of professional energy traders. The content is to-the point, professional grade and not widely reported in the mainstream media. All sources are professional respected firms and newspapers.
Platts oil
- Japan Friday approved the imposition of additional sanctions against Iran, urging caution on energy investments in the country.
- BP has started operations to replace the Deepwater Horizon drilling rig's failed blow-out preventer with the DDII drilling rig's BOP.
- Russian ESPO crude exports via the Kozmino port on the Pacific Coast have reached 10 mil mt, or two thirds of the total planned 2010 volume.
- Transocean MD Paul King to be quizzed by UK lawmakers investigating implications of BP Macondo oilspill for deepwater drilling offshore UK.
Bentek Energy
- Texas Observer – Basis Strengthens Across Texas
- Supply/Demand Balance Analytic Report – Northeast U.S. and Maritimes Canada Brace for Earl, Demand Drop Expected
- Northeast Observer- Demand to Rebound Early Next Week Putting Upward Pressure on Prices
- Gulf Coast Production Analytic Report – Gulf Coast Production Down 287 MMcf/d
Bloomberg
- Crude Oil Heads for Weekly Decline on Forecast for U.S. Jobless Increase
- U.S. Probes Mariner Fire in Gulf of Mexico That Sparked BP Spill Deja Vu
- BP's Gulf of Mexico Oil Spill Response Costs Rise to $8 Billion
- Record Russian Oil Premium Vanishes on Refinery Run Cuts
- Oil May Fall as U.S. Refineries Conduct Seasonal Maintenance, Survey Shows
- Sumitomo Plans to Boost Energy Assets by 50 Percent
Technical Recap
Crude Options Report / Straddle Runs
NG Options Report
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