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…
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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…
NGI The Weekly Gas Market Report
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.
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).
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.
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.
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.
El Nino Keeping Lid on Atlantic Hurricanes, NOAA Says
Conditions in the ocean and the atmosphere, including an El Nino event in the Pacific Ocean, are conspiring to produce a less active 2018 Atlantic hurricane season than previously expected, according to the National Oceanic and Atmospheric Administration (NOAA).
Atlantic Hurricane Season Likely Calmer Than Previously Forecast, Says CSU Team
One month into the 2018 Atlantic hurricane season, scientists at Colorado State University (CSU) said they expect fewer named storms and hurricanes than previously forecast and below-average tropical activity.
Atlantic Hurricane Season Likely Typical, NOAA Says As Storm Builds in Caribbean
The 2018 Atlantic hurricane season, which officially — and may actually — begin next week, is likely to be a near- or above-normal one, forecasters at the National Oceanic and Atmospheric Administration (NOAA) said Thursday.