Hurricanes

WeatherBELL’s Bastardi Sees Active End to Hurricane Season, Cold December

WeatherBELL’s Bastardi Sees Active End to Hurricane Season, Cold December

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…

September 19, 2022
Natural Gas Futures, Physical Prices Power Ahead and Extend Late Summer Rally

Natural Gas Futures, Physical Prices Power Ahead and Extend Late Summer Rally

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…

September 14, 2022
LNG 101: Higher Stakes Seen for U.S. Exports with Atlantic Hurricane Season Underway

LNG 101: Higher Stakes Seen for U.S. Exports with Atlantic Hurricane Season Underway

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…

July 27, 2022
Colorado State Meteorologists Calling for Above-Average Hurricane Season

Colorado State Meteorologists Calling for Above-Average Hurricane Season

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.…

April 11, 2022
All I Want for Christmas Is…A Natural Gas Generator! Listen Now to NGI’s Hub & Flow

All I Want for Christmas Is…A Natural Gas Generator! Listen Now to NGI’s Hub & Flow

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…

December 16, 2021
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

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…

September 27, 2021
Natural Gas Futures Slip on Diverging Weather Models, but Storage Build Seen as ‘Mucho Bullish’

Natural Gas Futures Slip on Diverging Weather Models, but Storage Build Seen as ‘Mucho Bullish’

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.…

August 6, 2021
Atlantic Hurricane Season Looking to Reignite, Impact Natural Gas Production, Says NOAA

Atlantic Hurricane Season Looking to Reignite, Impact Natural Gas Production, Says NOAA

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…

August 5, 2021
NOAA Forecasting Strong Chance for Another Stormy Atlantic Hurricane Season

NOAA Forecasting Strong Chance for Another Stormy Atlantic Hurricane Season

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…

May 20, 2021
After Historic Winter, Texas on Track for Near-Record Summer Heat

After Historic Winter, Texas on Track for Near-Record Summer Heat

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.…

March 5, 2021
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