storm Archive

  • Nate continues to track north The latest forecast from the NHC continues to show a wide cone for Nate but the central forecast is that it will head towards the Florida panhandle or Mississippi.

    Tropical storm Nate expected to strengthen into hurricane Saturday

    Nate continues to track north The latest forecast from the NHC continues to show a wide cone for Nate but the central forecast is that it will head towards the Florida panhandle or Mississippi.
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  • Oil markets were wary on Friday as traders carefully tracked a tropical storm treading a path towards the Gulf of Mexico and as Mexico remained closed for a week-long holiday. However, the prospects of prolonged oil production cuts by OPEC and other participating producers provided support to prices. U.S. WTI crude traded at $50.76 per barrel, falling 3 cents from their last settlement. Meanwhile, Brent crude declined 4 cents at $56.96 per barrel. Market activity was muted due to China's celebration of the Golden Week holiday and as traders monitored tropical storm Nate, which has prompted U.S. Gulf production and refineries to shut down just weeks after a string of hurricanes devastated the region. Storm Nate is seen to intensify to a hurricane and is heading into a region of the Gulf where offshore oil platforms that produce over 1.6 million bpd or 17 percent of the total U.S. output. BP and Chevron shuttered production at all of its Gulf platforms. Meanwhile, Royal Dut..

    Prime News: Oil Markets Cautious as Another Storm Threatens Gulf of Mexico

    Oil markets were wary on Friday as traders carefully tracked a tropical storm treading a path towards the Gulf of Mexico and as Mexico remained closed for a week-long holiday. However, the prospects of prolonged oil production cuts by OPEC and other participating producers provided support to prices. U.S. WTI crude traded at $50.76 per barrel, falling 3 cents from their last settlement. Meanwhile, Brent crude declined 4 cents at $56.96 per barrel. Market activity was muted due to China's celebration of the Golden Week holiday and as traders monitored tropical storm Nate, which has prompted U.S. Gulf production and refineries to shut down just weeks after a string of hurricanes devastated the region. Storm Nate is seen to intensify to a hurricane and is heading into a region of the Gulf where offshore oil platforms that produce over 1.6 million bpd or 17 percent of the total U.S. output. BP and Chevron shuttered production at all of its Gulf platforms. Meanwhile, Royal Dut..
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  • Nieves on the best reading in the ISM survey since 2005 Survey chairman Nieves: - US services prices paid jump driven by energy

    ISM’s Nieves: Respondents believe storm will boost demand

    Nieves on the best reading in the ISM survey since 2005 Survey chairman Nieves: - US services prices paid jump driven by energy
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