Articles tagged Hurricane

Tropical Storm Francine shifted eastward Tuesday, sparing the coastal corridor on the Louisiana and Texas borders where LNG export facilities are concentrated from a direct hit, but the strengthening system was impacting vessel traffic and offshore oil and gas production.

Natural gas futures were higher early Tuesday as a demand-sapping tropical storm competed with lingering cooling load and strong LNG requirements.

Natural gas futures floundered on Monday as the threat of a powerful hurricane interrupting export activity and sapping cooling demand overshadowed bullish late-summer fundamentals.

Natural gas futures were taking a beating Monday, as Mother Nature was hitting demand with a powerful one-two punch.

Tropical Storm Francine formed Monday in the Gulf of Mexico and was expected to become a hurricane before reaching the Louisiana and upper Texas coastlines on Wednesday.

Natural gas futures slumped to launch trading Monday, as hurricane fears trumped pockets of strong cooling demand, lower production readings and recent spot price strengthening.

Bears maintained control in the week’s closing session as natural gas futures fell deeper amid growing concerns that mild weather would ease demand and limit the ability to wear away a hefty storage surplus.

Conditions are ripening for more storms to develop in the Atlantic basin by the end of this month, with storms likely to continue well into November, according to AccuWeather.

Natural gas futures were treading lightly early on Tuesday, with traders assessing recent bullish supply/demand signs that ignited an August rally against the unknowns of another potential hurricane lurking in the Atlantic and stubbornly high storage levels.

Natural gas futures sputtered early on Monday as a powerful storm barreled into the Southeast, cooler northern weather arrived, and supplies in storage held at stout levels.