Cindy

Traders Anticipating Supportive Storage Stats; July Seen 2 Cents Higher

July natural gas is expected to open 2 cents higher Thursday morning at $2.91 as the ongoing theme of summer heat continues and traders anticipate the release of bullish government storage figures. Overnight oil markets rose.

June 22, 2017

GOM Shut-Ins Lessen in Wake of Tropical Storm Cindy

What had been Tropical Storm Cindy Wednesday made landfall and weakened Thursday, downgraded to a tropical depression, and oil and natural gas operators that had taken precautionary measures in the Gulf of Mexico (GOM) prior to the storm were returning to work in its wake.

June 22, 2017

Weather Models Show Variability; July Called 2 Cents Higher

July natural gas is set to open 2 cents higher Wednesday morning at $2.93 as changes to the weather outlook are in the moderately cooler direction, but models show considerable variability. Overnight oil markets rose.

June 21, 2017

Oil, NatGas Shut-Ins Begin as TS Cindy Bears Down on Gulf Coast

Workers have been evacuated from one rig and 40 production platforms in the Gulf of Mexico (GOM) and a total of 301,618 b/d of oil has been shut in as Tropical Storm (TS) Cindy continues its slow course toward the Gulf Coast, the Bureau of Safety and Environmental Enforcement (BSEE) said Wednesday afternoon.

June 21, 2017