01.03.14 Energy News

Oil & Gas News

• Iraq starts fixing oil pipeline that was damaged by a bomb yesterday evening. There is no definite date to complete repairs as there was extensive damage according to North Oil.
• Nomura forecasts Brent oil average price at USD 100/bbl in 2014 and forecasts WTI crude average price at USD 90/bbl in 2014.
• Two federal energy regulators that came to jurisdictional loggerheads last year called a congressionally orchestrated truce on Thursday to cooperate with each another in pursuit of keeping energy markets free from manipulation.

Geopolitical News

• Israeli F-16 fighter jets carried out several raids in the Gaza Strip early on Friday after Palestinian militants fired a rocket into southern Israel, according to witnesses and security sources.

Corporate News

• N/A

Weather News

• The Gulf Shores region is scheduled to experience mostly sunny spells with the occasional cloud coverage over the next couple of weeks. Today’s temperature is expected at 47F, 13F below the historical average.
• The East Coast region is set to experience mixed spells of sunshine and cloud coverage over the next couple of weeks, with morning snow expected today. Today’s temperature is expected at 13F, 26F below the historical average.
• A combination of storms will impact areas from the southern Appalachians into New England into Friday. Heaviest snow will fall from central New York to the Massachusetts coast. Blizzard conditions are possible for eastern Long Island and the Massachusetts coast. Bitter cold will move into the Midwest and East following the storm.