Harvey

October natural gas is expected to open 2 cents lower Thursday morning at $2.92 as traders mull weather reports calling for cooling at eastern points in the wake of Tropical Depression Harvey as well as a storage report expected to show below normal increases. Overnight oil markets rose.

The worst may not be over for the Gulf Coast oil and gas industry in what one forecaster expects to be the most costly natural disaster in U.S. history. And Hurricane Irma, a Category 2 storm as of Thursday midday, now is lurking on the same early path across the Atlantic that Harvey took.

The energy industry continues to step up efforts to help Texas and Louisiana residents impacted by Harvey, with millions of dollars in relief effort pouring into charities.

The energy industry continues to step up efforts to help Texas and Louisiana residents impacted by Harvey, with millions of dollars in relief effort pouring into charities.

The worst may not be over for the Gulf Coast oil and gas industry in what one forecaster expects to be themost costly natural disasterin U.S. history. And Hurricane Irma, a Category 2 storm as of Thursday midday, now is lurking on the same early path across the Atlantic that Harvey took.

The expiring September natural gas futures are expected to open 2 cents higher Tuesday morning at $2.94 as traders turn their attention more to Harvey-driven supply disruption than falling demand. Overnight oil markets gained.

Tropical Storm Harvey as of Monday had curtailed about 1 Bcf/d from U.S. natural gas exports to Mexico, according to Genscape Inc.

Because the Gulf Coast increasingly is the hub for natural gas exports and industrial demand, Hurricane Harvey may foretell what could occur in future natural disasters, according to Barclays Capital.

Anadarko Petroleum Corp. has resumed production from its deepwater Lucius facility, one small step in returning to business in the wake of Hurricane Harvey.