Hurricane

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.…

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…

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…

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…

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.

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).

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.

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.

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.