Hurricanes

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.…

Weekly cash prices rebounded from the nosedive of a week earlier, lifted by a round of winter weather in the Northern Plains that gradually pushed eastward and galvanized heating demand over swaths of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Nov. 9-13 period climbed 12.5 cents to $2.510. The week before,…

After sinking near the 200-day moving average at the end of last week, natural gas futures bounced back with a vengeance Monday thanks to stronger liquefied natural gas (LNG) feed gas demand and strong cash prices. The November Nymex gas futures contract hit a $2.727/MMBtu intraday high before settling at $2.615, up 17.7 cents from…

Natural gas futures retreated Monday in a move that was not completely unexpected given the quick pace at which prices rallied last week. With pressure from cooler weather outlooks and weaker power burns, the September Nymex natural gas futures contract settled 8.5 cents lower at $2.153. October fell 8.9 cents to $2.287. Cash prices, however,…

The upcoming Atlantic hurricane season is likely to be the fifth consecutive with above-average activity, producing 14-18 tropical storms, including seven to nine hurricanes, with two to four of them major hurricanes (Category 3 or higher), according to AccuWeather meteorologists.