Oil Analyst Peter Beutel Passes Away at 56

We have sad news to report.

Energy analyst Peter Beutel, a frequent guest on CNBC, passed away from a heart attack last night. He was 56 years old.

Peter Beutel (1955-2012)
Peter Beutel (1955-2012)

A 30-year veteran of the energy markets, Peter was president and founder of Cameron Hanover and chief editor of the firm’s Daily Energy Hedger, a newsletter he started in 1989. Before starting Cameron Hanover, Peter worked on Wall Street as a research analyst at several major brokerage firms, including Merrill Lynch and DL&J. His father Bill Beutel, also deceased, was a television anchor in New York for more than four decades.

Peter was widely quoted by every major wire service and financial publication and appeared regularly on CNBC and other news outlets. I received his newsletters daily and valued his insights in my reporting. He will be greatly missed.

All of us at CNBC offer our condolences to his friends, family, especially his mother, Gail, and to his dedicated staff.