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NHC says 60% chance of tropical cyclone near Andros Island, Bahamas

9 hours ago DieselGasoil Comments Off on NHC says 60% chance of tropical cyclone near Andros Island, Bahamas
(Reuters) – An area of low pressure located near Andros Island in the Bahamas has a 60% chance of becoming a tropical cyclone in the next 48 hours, the U.S. National Hurricane Center said on Monday. The low is expected to move northwestward around 15 miles-per-hour on Monday and north-northwestward to northward on Monday night Read More

U.S. NHC says 30% chance of tropical cyclone over northwest Bahamas

14 hours ago DieselGasoil Comments Off on U.S. NHC says 30% chance of tropical cyclone over northwest Bahamas
(Reuters) – A trough of low pressure located over the northwest Bahamas and the adjacent waters has a 30% chance of becoming a tropical cyclone in the next 48 hours, the U.S. National Hurricane Center said on Monday. “Environmental conditions are expected to be marginally conducive for development during the next couple of days while Read More

U.S. offshore oil production remains cut by 58%: U.S. government

6 days ago DieselGasoil Comments Off on U.S. offshore oil production remains cut by 58%: U.S. government
FILE PHOTO: Crews clear debris from Highway 23 during Hurricane Barry in Plaquemines Parish, Louisiana, U.S. July 14, 2019. REUTERS/Jonathan Bachman HOUSTON (Reuters) – More than half the daily crude production in the U.S. Gulf of Mexico remained offline on Tuesday in the wake of Hurricane Barry, the U.S. drilling regulator said, as most oil Read More

Storm Barry’s threat to New Orleans heightened by climate change: scientists

1 week ago DieselGasoil Comments Off on Storm Barry’s threat to New Orleans heightened by climate change: scientists
NEW ORLEANS/WASHINGTON (Reuters) – Tropical Storm Barry, which is expected to flood New Orleans and threaten lives along the Mississippi River, is being fueled by warmth in the Gulf of Mexico that was likely exacerbated by climate change, scientists said on Friday. A view of the Mississippi River as Tropical Storm Barry approaches land in Read More

United Nations chief calls for more support for cyclone-hit Mozambique

2 weeks ago DieselGasoil Comments Off on United Nations chief calls for more support for cyclone-hit Mozambique
FILE PHOTO: A child is transported on a fridge during floods after Cyclone Idai, in Buzi, outside Beira, Mozambique, March 21, 2019. REUTERS/Siphiwe Sibeko MAPUTO (Reuters) – U.N. Secretary General Antonio Guterres on Thursday called on the international community to provide more aid to Mozambique, where two cyclones spurred by climate change killed hundreds and Read More

Crude oil futures a tad higher after overnight rally

2 weeks ago DieselGasoil Comments Off on Crude oil futures a tad higher after overnight rally
Crude oil futures were a tad higher in morning trade in Asia on Thursday, adding to gains from an overnight rally, following a sharp draw in US crude inventories and concerns over production in the US Gulf of Mexico ahead of a potential tropical storm. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Oil futures surge as US Gulf operators shut in production ahead of storm

2 weeks ago DieselGasoil Comments Off on Oil futures surge as US Gulf operators shut in production ahead of storm
New York — The energy complex moved sharply higher Wednesday as operators shut in Gulf of Mexico production platforms ahead of the expected formation of a tropical storm off Louisiana’s coast. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI settled up $2.60 at $60.43/b and ICE Read More

US Gulf Coast energy infrastructure braces for storm

2 weeks ago DieselGasoil Comments Off on US Gulf Coast energy infrastructure braces for storm
Highlights Chevron, Anadarko, BP, Shell evacuating staff from offshore platforms Refiners should expect heavy rainfall, flooding US sour benchmark Mars differential rallying Washington — Chevron, Anadarko and BP on Wednesday morning started shutting in US Gulf of Mexico production and evacuating staff from drilling and production platforms while Shell started evacuating non-essential staff but continued Read More

Major grain traders face one-two punch from U.S. floods, trade war

2 weeks ago DieselGasoil Comments Off on Major grain traders face one-two punch from U.S. floods, trade war
CHICAGO (Reuters) – Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co (ADM.N) and Bunge Ltd (BG.N) for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. Water stands next to a field of crops near Putnam County, Illinois, U.S. July Read More