Oil Jumps 4% as Crude Stocks Fall After Hurricane Zeta Disruptions

By Barani Krishnan Investing.com – Oil prices jumped 4% on Wednesday after data showed U.S. crude stockpiles dropped 10 times more than the build expected by analysts for last week as Hurricane Zeta became the third storm in six weeks to distort market projections. Crude prices also rose along with stocks on Wall Street after […]

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Frequent hurricane shutdowns weigh on U.S. energy results

© Reuters. Hurricane Zeta in New Orleans (Reuters) – As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year’s repeated oil and gas production halts were already hitting energy firms’ results. Eight named storms entered the U.S. Gulf of Mexico this year, most spiraling up to damaging storms that required […]

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Sweltering heat, power outages greet Louisiana evacuees returning from Hurricane Delta

2/2 © Reuters. FILE PHOTO: A destroyed home is reflected in flood waters in the aftermath of Hurricane Delta in Creole, Louisiana 2/2 By Stephanie Kelly LAKE CHARLES, La. (Reuters) – Storm-weary coastal Louisiana residents who fled from the path of Hurricane Delta in recent days streamed back to their homes on Sunday to face […]

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Hurricane Sally makes landfall on Alabama’s Gulf Coast

© Reuters. Hurricane Sally impact in New Orleans By Devika Krishna Kumar MOBILE, Ala. (Reuters) – Hurricane Sally made landfall on Alabama’s Gulf Coast on Wednesday morning as a Category Two hurricane, spreading strong winds inland across southeastern Alabama and western Florida. Upon landfall, winds were clocked at 105 miles per hour (165 km per […]

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U.S. Gulf Coast prepares for second hurricane in a month

© Reuters. FILE PHOTO: Buildings damaged by Hurricane Laura are seen in an aerial photograph in Lake Charles HOUSTON (Reuters) – Tropical Storm Sally strengthened off the west coast of Florida on Sunday and was poised to become a hurricane, bringing the threat of dangerous storm surges and high winds to the U.S. Gulf Coast, […]

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Hurricane Laura races toward heart of U.S. oil refining industry

2/2 © Reuters. Tropical Storm Laura in Cuba 2/2 By Erwin Seba HOUSTON (Reuters) – Laura intensified into a strong Category 4 hurricane on Wednesday as it raced over evacuated oil production platforms in the U.S. Gulf of Mexico and took aim at the energy industry’s refining hub along the Texas/Louisiana coast. The storm gathered […]

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Laura Set to Be ‘Potentially Catastrophic’ Category 4 Hurricane

© Reuters. Laura Set to Be ‘Potentially Catastrophic’ Category 4 Hurricane (Bloomberg) — Hurricane Laura is poised to become a Category 4 storm that could wreak catastrophic damage in Texas and Louisiana, bringing a life-threatening storm surge, flash flooding and destructive winds that could leave areas uninhabitable for weeks or months. Laura’s winds are forecast […]

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Marco forecast to become hurricane as governors urge residents to brace for storms

© Reuters. FILE PHOTO: Tropical Storm Isaias impacts Northeast U.S. in Sea Girt By Brendan O’Brien and Erwin Seba (Reuters) – Marco, one of two tropical storms headed for the U.S. Gulf Coast, was forecast to strengthen into a hurricane later on Saturday as coastal governors urged residents to prepare for the unprecedented weather event […]

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