- The severe cold weather sweeping across the U.S. threatens to curtail booming oil production as it disrupts traffic, strands wells and interrupts drilling and fracking operations.
- Output in North Dakota typically slows in winter as producers scale back on drilling and well completion services, but analysts are bracing for a worse than usual impact on output from the state that could affect operations of companies such as Continental Resources (CLR), Marathon Oil (MRO) and Hess (HES).
- U.S. crude oil prices haven't moved much yet, but the price differential for Bakken crude jumped last week and bitter cold in northern Alberta has pushed Canadian heavy crude prices to five-month highs; demand for natural gas has surged to new records, which analysts say should keep prices over $4/mcf, at least for the short term.
- ETFs: UNG, USO, OIL, UCO, UGAZ, GAZ, SCO, BOIL, DBO, DGAZ, DTO, UNL, CRUD, KOLD, USL, NAGS, GASZ, UHN, DNO, SZO, UWTI, OILZ, OLO, DWTI, DCNG, OLEM, TWTI
Frigid weather could chill U.S. energy output
Jan 6 2014, 18:05 ET