Gulf of Mexico (GOM) oil and natural gas production was coming back online and personnel were returning to work after Hurricane Nate ambled ashore over the weekend, with no offshore infrastructure reportedly damaged.
Ophelia
Articles from Ophelia
Energy Futures Markets Soar on Tropical Storm Rita Fears
Just days after the natural gas industry sighed in relief after Hurricane Ophelia chose the Atlantic path instead of the Gulf of Mexico course, Tropical Storm Rita looks as if she might not be as accommodating. Fears over the storm’s projected Gulf path sent futures off to the races in Access trading Sunday night and again on Monday, with October natural gas settling $1.519 higher at $12.663, a new all-time prompt month record.
September 20, 2005
Despite Stagnant Shut-In Figures, Futures Drop 23 Cents
Taking their cue from weakness on the petroleum side as well as a sigh of relief regarding Hurricane Ophelia’s path, October natural gas futures on Monday explored lower, breaking below $11 at one point before settling at $11.031, down 23.2 cents on the day.
September 13, 2005
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
