Hurricanes

Prompt month natural gas futures rallied for only the second time in two weeks on Wednesday, gaining ground on lower production data and vows from a key player to drop rigs and cut output to help align currently robust supplies with modest winter demand. At A Glance: Front month gains 19.7 cents Production slips to…

Record-warm ocean surface temperatures fueled above-average activity during the 2023 Atlantic hurricane season. Still, the storms steered clear of the U.S. energy complex and made no lasting impact on natural gas production or prices. The National Oceanic and Atmospheric Administration (NOAA) said in a report this week that 20 official storms emerged in the Atlantic…

Natural gas futures continued to slide midweek with the threat of another tropical disturbance keeping traders on guard even amid the ongoing heatwave suffocating much of the Lower 48. The September Nymex gas futures contract settled Wednesday at $2.497/MMBtu, off 6.3 cents on the day. October futures were down 6.0 cents to $2.592. At A…

Researchers at Colorado State University (CSU) anticipate a slightly below-average Atlantic hurricane season in 2023. This is principally due to the likely development of the El Niño weather phenomenon. However, “Given the conflicting signals between a potentially robust El Niño and an anomalously warm tropical and subtropical Atlantic, the team stresses that there is more…

Although current climate patterns portend a rather mild winter overall this year, historical comparisons indicate that December could be quite cold, according to WeatherBELL Analytics LLC meteorologist Joe Bastardi. Speaking at the LDC Gas Forums Mid-Continent show in Chicago last week, Bastardi said October weather often is a key indicator of how cold it may…

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…