Hurricane Beryl Live: Prices down as concerns over Hurricane Beryl on US LNG ease
Dutch and British wholesale gas prices were down on Tuesday morning amid easing concerns over the impact of Hurricane Beryl on US liquefied natural gas (LNG) facilities after Freeport LNG said will it will resume production after it has passed.
Hurricane Beryl Live: Flood watch as Beryl sweeps across US
A flood watch was in place Tuesday across multiple US states as tropical depression Beryl lashes the country's south with heavy rain after killing at least four people in Texas.The US National Hurricane Center (NHC) said Beryl could bring flash flooding "from the lower and mid Mississippi Valley to the Great Lakes" through Wednesday as it sweeps across swathes of the United States. A tornado is also possible Tuesday across parts of the south, the NHC said in its latest advisory.
Hurricane Beryl Live: Oil companies in Texas restoring operations following hurricane Beryl
Oil and gas companies in Texas were restarting operations on Tuesday after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power.Beryl made landfall early on Monday near the coastal town of Matagorda. Some energy firms shut operations ahead of its arrival and Texas' largest ports and navigation channels closed. But its impact on oil and gas production is expected to be minor.
Hurricane Beryl Live: US Gulf Coast energy facilities hit by Hurricane Beryl
Energy facilities along the U.S. Gulf Coast slowed operations and evacuated some production sites in response to Hurricane Beryl, which weakened into a tropical depression near Tyler, Texas, late on Monday. Beryl, the earliest category 5 hurricane on record, last week swept through Jamaica, Grenada, St. Vincent and the Grenadines, toppling buildings and power lines and killing at least 11 people.
Hurricane Beryl Live: Marathon preparing to restart Galveston Bay, Texas, refinery units, sources say
Marathon Petroleum Corp began on Monday preparing to restart multiple units at its Galveston Bay oil refinery in Texas City, Texas, following a morning power outage, said people familiar with plant operations.The 631,000-bpd refinery is raising steam to begin restarting the largest production units, which were knocked out of production on Monday morning as Hurricane Beryl lashed the region, the sources said.
Hurricane Beryl Live: How hurricanes will change as the Earth warms
An active hurricane season in 2024 was forecast well in advance. However, the speed at which Beryl intensified, jumping from tropical-storm strength with winds averaging 70mph to major-hurricane status with 130mph winds in just 24 hours, astounded scientists."Beryl is a storm more typical of the heart of hurricane season than of June, and its rapid intensification and strength have likely been driven by unusually warm waters," says Brian Tang, an associate professor of atmospheric science at the University at Albany, State University of New York.
Hurricane Beryl Live: Oil settles lower on worries Hurricane Beryl could hit US demand
Oil prices settled down about 1% to a one-week low on Monday as Hurricane Beryl shut U.S. refineries and ports along the Gulf of Mexico, and on hopes a possible ceasefire deal in Gaza could reduce worries about global crude supply disruptions.Brent futures fell 79 cents, or 0.9%, to settle at $85.75 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 83 cents, or 1.0%, to settle at $82.33.Hurricane Beryl lashed Texas with strong winds and heavy rain as it churned inland. Oil ports closed, hundreds of flights were canceled and over 2.7 million homes and businesses lost power.
Hurricane Beryl Live: Hurricane Beryl kills four, plunges three million into darkness in Texas
At least four people were killed, and nearly three million homes and businesses were left without power as powerful tropical storm Beryl, which brought damaging winds and floods, slammed into Texas early on Monday. Beryl brought Schools, businesses, offices, and financial institutions to a halt soon after it made landfall near Matagorda as a category 1 hurricane, the National Hurricane Centre said on Monday evening.
Hurricane Beryl Live: Some power restored in Houston after Hurricane Beryl, while storm spawns tornadoes as it moves east
Power started to come back for some of the millions of homes and businesses left in the dark when Hurricane Beryl slammed into the Houston area, while the weakened storm moved east, spawning suspected tornadoes and causing more damage. Beryl was blamed for killing several people in Texas on Monday and at least one person in Louisiana, officials said.