Hurricanes

Boosted by late-season heat, domestic storage concerns and robust global demand, natural gas futures on Wednesday rallied for a fifth-straight session. The October Nymex gas futures contract spiked 83.0 cents day/day and settled at $9.114/MMBtu, marking its biggest jump in the latest bull run. November gained 83.3 cents to $9.167. At A Glance: Demand drivers…

The Atlantic hurricane season is underway, and the U.S. natural gas industry is taking extra measures this year to be better prepared for major storms that could have far-reaching impacts amid lower domestic storage inventories and tight global energy markets.  “For the global gas market, the stakes are higher with Freeport LNG offline, especially given…

Colorado State University (CSU) meteorologists are forecasting an above-average hurricane season in the Atlantic basin this season, citing the unlikelihood of a significant El Niño weather pattern. “We anticipate an above-average probability for major hurricanes making landfall along the continental United States coastline and in the Caribbean,” said CSU forecasters Philip Klotzbach and Michael Bell.…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. In this holiday-themed episode, NGI Thought Leaders Matthew Veazey and Leticia Gonzales discuss the natural gas standby generator backlog and how utilities are dealing with natural gas price increases.  Believing that transparent markets empower businesses, economies and communities, NGI works to…

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

Natural gas futures were slightly lower Friday morning as weather models started to disagree on the pattern for the latter third of the month. With the latest storage data was also still fresh on the minds of traders, the September Nymex gas futures contract was down 1.8 cents day/day at $4.122 at 8:45 a.m. ET.…

Conditions are ripe for another above-average hurricane season that could potentially send ripples throughout natural gas production in the Gulf of Mexico (GOM) over the next three months, the National Oceanic and Atmospheric Administration (NOAA) said in a new forecast. Should the NOAA’s Climate Prediction Center forecast bear out, it would mark the sixth consecutive…

Another above-normal Atlantic hurricane season is predicted this year, with 13-20 named storms, but experts do not anticipate the historic level of activity seen last year. The Climate Prediction Center (CPC) of the National Oceanic and Atmospheric Administration (NOAA) on Thursday said there was a 60% chance of an above-normal season, a 30% chance of…

From the Arctic to the Sahara, Texas is expected to experience quite the swing in temperatures this year. A preliminary summer forecast issued by WeatherBell Analytics LLC is projecting a hot summer centered in the Lone Star State. “Our summer outlook calls for above-normal temperatures for most of North America,” said chief forecaster Joe Bastardi.…