The amount of U.S. working gas in storage hit approximately 3.97 Tcf...
The amount of U.S. working gas in storage hit approximately 3.97 Tcf in the first week of November, rising above the five-year historical range tracked by the U.S. Energy Information Administration (EIA), the government agency reported Nov. 14. Hotter-than-average temperatures across the Northeast U.S. drove down demand.
U.S. natural gas inventories increased by 42 billion cubic feet last week to 3,974 Bcf, and were 228 Bcf or 6.1% above the five-year average for the week, the EIA reports. The injection into storage was roughly in line with the 44 Bcf average estimate in a Wall Street Journal survey of analysts, and larger than the five-year average injection of 29 Bcf. As of next week, the EIA will use an updated survey sample for estimating gas storage, and will publish revised numbers for the weeks of September 20-November 8, on Monday.
Tropical Storm Sara closes in on ‘life-threatening’ and ‘potentially catastrophic’ impact with Central America
Tropical Storm Sara is unleashing heavy rainfall in northeastern...
Tropical Storm Sara is unleashing heavy rainfall in northeastern Honduras, with life-threatening flash flooding and mudslides anticipated this weekend, according to the National Hurricane Center.
Sara has maximum sustained winds of 45 mph as of early Friday morning, and further strengthening is possible in the coming days if the storm center largely stays offshore from Honduras’ northern coast.
Sara, which formed Thursday afternoon as it closed in on the Honduras-Nicaragua border, is the 18th named storm of the 2024 Atlantic hurricane season. It’s a season that’s lived up to initial hyperactive forecasts and hasn’t played by the rules.
Tropical activity should be winding down in November, but Sara is now the third named storm this month thanks to exceptionally warm water wrought by climate change.
Dutch court overturns 2021 ruling on Shell emissions cuts
A Dutch court has reversed a ruling from 2021 that required Shell to...
A Dutch court has reversed a ruling from 2021 that required Shell to accelerate its emissions reductions, siding with Shell's argument that precise percentage targets for emissions cuts are not feasible for oil and gas companies. "Some sectors are more difficult to make sustainable than others," the judges said. The outcome could affect future and ongoing legal challenges involving oil and gas majors.
The planned shutdowns of two major refineries next year, coupled with...
The planned shutdowns of two major refineries next year, coupled with improving fuel demand, will usher in a period of stability for US refiner margins following two years of declines, the Energy Information Administration predicts. US refining capacity is projected to drop to 17.94 million barrels per day by the end of 2025, the lowest since June 2022.
Disney had lots of good news for investors. It’s...
Disney had lots of good news for investors. It’s been a rough few years for the Mouse House, but it delivered a series of wins in its fiscal Q4 earnings report yesterday. Disney+ added a much higher-than-expected 4.4 million subscribers, propelling the company’s streaming division to a $321 million profit. Disney’s movie business also had a solid quarter, thanks to Inside Out 2 and Deadpool & Wolverine. But most optimistic of all: Disney took the rare step of issuing a three-year financial outlook, predicting a significant jump in profits as its streaming products mature—even as its traditional TV business deteriorates.
Advance Auto Parts is closing more than 700 of its 5,000 locations as part of a plan to “improve business performance.”
Burberry revealed a sweeping brand overhaul to refocus on heritage designs and statement pieces over niche products, CNBC reported.
Alan Filion, the teen responsible for nearly 400 “swatting” attacks on schools, politicians, and places of worship, pleaded guilty and faces up to 20 years in prison.
Ford was slapped with a $165 million civil fine—the second largest ever issued by the National Highway Traffic Safety Administration—for failing to recall defective vehicles in a timely manner.
Donald Trump picked Robert F. Kennedy Jr.—a peddler of debunked anti-vaccine conspiracy theories—to lead the Department of Health and Human Services.
