Hurricane

Natural Gas Futures Slip as Laura Threatens to Crush Demand; Cash Softens

Natural Gas Futures Slip as Laura Threatens to Crush Demand; Cash Softens

Natural gas traders were on high alert Tuesday as Hurricane Laura churned toward the Gulf Coast, with impacts to supply and demand reverberating across the market ahead of the storm’s projected landfall late Wednesday or early Thursday. Volatility was on full display, with the September Nymex gas futures plunging to an early $2.451 intraday low…

August 25, 2020
Storm-Related Production Decline Boosts Natural Gas Futures; Rally Seen ‘Getting Out of Hand’

Storm-Related Production Decline Boosts Natural Gas Futures; Rally Seen ‘Getting Out of Hand’

Natural gas futures jumped as much as 10 cents to start the week, supported by a steep drop in production ahead of two tropical systems moving through the Gulf of Mexico (GOM). The September Nymex gas futures contract surged to a $2.554 intraday high before settling Monday at $2.513, up 6.5 cents from Friday’s close.…

August 24, 2020
Natural Gas Futures Rally Early as 1.2 Bcf/d of GOM Shut-Ins Reported

Natural Gas Futures Rally Early as 1.2 Bcf/d of GOM Shut-Ins Reported

Two tropical cyclones threatened the Gulf of Mexico (GOM) Monday, prompting offshore production shut-ins and lifting natural gas futures in early trading. The September Nymex contract was up 4.4 cents to $2.492/MMBtu at around 8:45 a.m. ET. Tropical Storm Marco has weakened, but Tropical Storm Laura is now on course for the Texas and Louisiana…

August 24, 2020
Hurricane, Coronavirus and Demand Concerns Weigh Down September Natural Gas Futures

Hurricane, Coronavirus and Demand Concerns Weigh Down September Natural Gas Futures

Temperatures in many parts of the Lower 48 are expected to cool down in the coming week Hurricane Isaias could further weaken energy demand Continued spread of the coronavirus dampened sources of demand outside of weather   September natural gas futures on Friday declined for a second day in a row as summer heat was…

August 3, 2020
September Natural Gas Futures Give Up More Ground as Hurricane Approaches, Temperatures Cool

September Natural Gas Futures Give Up More Ground as Hurricane Approaches, Temperatures Cool

September natural gas futures on Friday declined for a second day in a row as summer heat was forecast to fade, a new hurricane raced toward Florida and coronavirus-induced economic concerns weighed on markets. The September Nymex contract shed 3.0 cents day/day and settled at $1.799/MMBtu. October fell 3.4 cents to $1.957.  NGI’s Spot Gas…

July 31, 2020

NOAA Expecting as Many as 10 Atlantic Hurricanes This Season

The 2020 Atlantic hurricane season, which runs from June 1 to Nov. 30, will be a busy one, producing 13-19 named storms, including six-10 hurricanes, with up to six of them major hurricanes (Category 3 or higher), according to forecasters at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center.

May 21, 2020

Bad Omen? Atlantic May See 13 Named Storms, but ’19 Hurricane Forecast Below Average

The 2019 Atlantic basin hurricane season will bring 13 named storms but have slightly below-normal hurricane activity overall, according to forecasters with Colorado State University (CSU).

April 5, 2019

SoCalGas-Funded Study Finds ‘Real and Growing’ Risks for Energy Utilities

With a focus on wildfires, hurricanes and other natural disasters, Los Angeles-based Southern California Gas Co. (SoCalGas) on Tuesday released a study distilling best practices that utilities and communities may pursue in future events, including ways to preserve and use existing natural gas infrastructure.

November 2, 2018
Natural Gas, Oil Volumes Shut In as Florida Braces for Hurricane Michael

Natural Gas, Oil Volumes Shut In as Florida Braces for Hurricane Michael

As Hurricane Michael continued on its collision course with the western Florida coast Tuesday, natural gas markets were left to weigh the impacts of Gulf of Mexico (GOM) production shut-ins against the potential demand destruction from storm-related power outages.

October 9, 2018

Gordon Forces Shut Ins, Evacuations in Eastern GOM

About 156,907 b/d (9.23%) of oil production and 232 MMcf/d (9.06%) of natural gas output had been shut in by midday Tuesday in the U.S. Gulf of Mexico (GOM) as operators prepared to face Tropical Storm Gordon, a likely Category 1 hurricane before it was to make landfall by Tuesday night.

September 4, 2018