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U.S. GAS: Futures Advance as Storm Shuts In Gulf Production ...

U.S. GAS: Futures Advance as Storm Shuts In Gulf Production. Natural gas futures advanced after a tropical storm shuttered about a quarter of production in the Gulf of Mexico. Natural gas for July delivery recently rose 9.2 ...

US GAS: Futures Advance as Storm Shuts In Gulf Production – Wall ...

caUS GAS: Futures Advance as Storm Shuts In Gulf ProductionWall Street JournalBy Dan Strumpf NEW YORK--Natural gas futures advanced after a tropical storm shuttered about a quarter of production in the Gulf of Mexico. Natural gas for ...

Gas prices continue to climb as Tropical Storm Isaac approaches ...

NEW YORK (CNNMoney) -- Gas prices continued to climb -- particularly along the Gulf Coast -- as the approach of Tropical Storm Isaac forced the closure of many oil and refining facilities.A survey for ... More than 1.3 million barrels of daily gasoline refining capacity in the region was shut down Monday ahead of the storm, which is expected to be upgraded to hurricane status later Tuesday. ... The refineries were the only oil facilities shut down in advance of the storm.

Gulf Of Mexico Oil Drilling Resumes After Tropical Storm Debby ...

Debby, the first named storm of 2012 to disrupt energy operations in the Gulf, temporarily idled nearly half of its oil output -- nearly double the amount shut on Sunday -- and more than a third of natural gas output as producers shut down operations and ... The Gulf accounts for about 20 percent of U.S. oil output and 6 percent of natural gas production. BP Plc ... Early gains in crude futures evaporated after Debby shifted course away from the Gulf production-rich areas.

Energy managers see futures advance : Summit Energy

U.S. GAS: Futures Advance as Storm Shuts In Gulf Production. Submitted by Kate on June 25, 2012 - 12:19pm. The Wall Street Journal. Natural gas futures advanced after a tropical storm shuttered about a quarter of production in the Gulf of ...

Higher Gas Prices Ahead as Hurricane Isaac Takes Aim at Gulf ...

Hurricane Isaac continues to build strength in the warm waters of the Gulf of Mexico and is now moving west, toward the heart of U.S. oil and gas production. Hurricane Isaac already has forced several energy giants to shut ...

Fuel Fix » NY natural gas futures climb on late winter cold spell

Natural gas futures advanced in New York, heading for a third consecutive weekly gain, on speculation that the late winter Eastern U.S. cold snap will help burn off excess fuel. Gas rose as much as 1.3 ... One to 3 inches (2.5 to 8 centimeters) may fall on New York as the week-old storm moves out to sea. Eastern U.S. ... Output slipped 0.7 percent to 82.57 billion cubic feet a day as operators in Louisiana, Texas and the Gulf of Mexico shut wells. Production was up 0.6 ...

Chems to shut down many plants as Isaac nears US Gulf coast-27 ...

(adds updates, details throughout) HOUSTON (ICIS)-- Producers now plan to shut down several chemical plants and refineries as Tropical Storm Isaac continues approaching the US Gulf coast, sources said on Monday. ... Hurricanes can disrupt the North American petrochemical industry, since oil and gas production is concentrated in the Gulf of Mexico and much of the country's refineries and petrochemical plants are on the US Gulf coast. So far, several chemical ...

Fuel Fix » Isaac's advance roils oil, gasoline markets

Prices for crude oil and gasoline rose today as the advance of Tropical Storm Isaac caused companies to shutter offshore production in the Gulf of Mexico and threatened Gulf Coast refineries. Crude futures for October ...

Gasoline Rising to Holiday High as Storm Surge Presses Obama ...

Futures jumped yesterday in New York as Isaac forced closures of Gulf Coast refineries and reduced rates at others. ... Gasoline for September delivery advanced 7.68 cents, or 2.5 percent, to $3.1548 a gallon yesterday on the New York Mercantile Exchange, the highest level since April 30. Futures .... The storm threat shut 93 percent of U.S. oil output and 67 percent of natural gas from the Gulf, a Bureau of Safety and Environmental Enforcement report showed today.

Crude Oil, Gasoline Advance as Gustav Cuts Production, Refining

31 (Bloomberg) -- Crude oil and gasoline futures rose as Hurricane Gustav approached the Gulf of Mexico, halting most oil and gas output and shutting local refineries. Gustav will make landfall along the Gulf Coast ... Personnel from more than 70 percent of the platforms and rigs in the Gulf have been evacuated as the storm approaches, the U.S. Minerals Management Service said today in a statement on its Web site. About 1.25 million barrels a day of oil, and 6.09 ...

Gasoline Futures Jump on Supply Threats as S&P 500 Advances ...

Gasoline Futures Jump on Supply Threats as S&P 500 Advances. On August 28, 2012, in gasoline futures trading ... Spot gasoline on the U.S. Gulf Coast rose to the highest price in almost four years after refineries shut as Tropical Storm Isaac approached Louisiana. The Stoxx Europe 600 Index rose and Spain's ... About 78 percent of oil production and 48 percent of natural gas output from the Gulf of Mexico has been halted. Gasoline also rallied as Venezuela's Amuay plant, the ...

Impact of the 2008 Hurricanes Natural Gas Industry - US Energy ...

infrastructure, causing devastating impacts on offshore natural gas production, shutting in production facilities and the pipelines that move the natural gas to processors along the. Gulf coast. As a result of the two storms, ...

Gasoline, Heating Oil Rise in U.S. | ITC News Center

Heating oil futures also gained on the potential for Tropical Storm Ernesto to become a Category 1 hurricane and disrupt oil refining and production along the U.S. Gulf Coast. Gasoline Futures: Ernesto Gains. Ernesto had top ...

US Valero to shut down two refineries as Isaac approaches - ICIS.com

(adds 1-3, 16) HOUSTON (ICIS)--US-based Valero plans to shut down two refineries as a precaution to Tropical Storm Isaac, the company said on Monday. ... Hurricanes can disrupt the North American petrochemical industry, since oil and gas production is concentrated in the Gulf of Mexico and much of the country's plants are on the US Gulf coast. Even the threat of a major storm can disrupt oil and natural gas supplies because companies must evacuate US Gulf ...

Isaac Could Rival Hurricane Katrina - Outside The Beltway

Though still just a Tropical Storm, Isaac has the potential to be as dangerous as Hurricane Katrina. ... As Katrina moved through the heart of the Gulf of Mexico offshore oil and natural gas production area, it negatively impacted nearly 20% of US oil production. Hurricane Katrina, followed by ... Additionally, over 8 billion cubic feet (Bcf) per day of natural gas production was shut in, equivalent to 83% of daily Gulf of Mexico natural gas production. Seven years later as ...

Fuel Fix » Steffy: Oil prices continue to fluctuate as Isaac churns

Related Stories — Report: Isaac seen making release of U.S. strategic oil likely. ... As the storm advances, energy companies continue to pull crews from offshore rigs in its path, shutting down about 78 percent of the oil production in the Gulf. ... About half of Louisiana's refining capacity is now shut down, as companies including Phillips 66, Valero, Marathon and Exxon Mobil are reducing production rates at Gulf Coast facilities, driving gasoline futures higher, Reuters ...

What's the Story — Risk Reversal

Gasoline climbed to the highest in almost four months and oil gained the most in a week after a refinery explosion in Venezuela killed 39 people and Tropical Storm Isaac shut rigs in the Gulf of Mexico. U.S. stock futures rose ...