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☆ U.S. oil prices fall for third straight day as oil infrastructure recovers from Tropical Storm Beryl
▼ + stars: | 2024-07-09 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude oil prices fell for the third straight session on Tuesday, as Gulf Coast oil infrastructure appears to have avoided any substantial damage from Tropical Storm Beryl. On Monday, Beryl made landfall in Matagorda, Texas, as a Category 1 hurricane but later weakened into a tropical storm. Beryl has moved inland as a tropical depression and is now north of Shreveport, Louisiana, according to the National Hurricane Center. U.S. oil inventories fell by 12.2 million barrels for the week ended June 28, and gasoline stocks declined by 2.2 million barrels in a potential bullish sign for the market. Macquarie, however, is forecasting that oil inventories dropped by 1.2 million barrels last week, with the total balance "only modestly tighter than we had anticipated," according to a Monday note.

Persons: Beryl, John Evans, Shell, Evans Organizations: National Hurricane Center, Corpus Christi, Colorado State University, Traders Locations: Gulf, Matagorda , Texas, Shreveport , Louisiana, Corpus, Houston, Gulf of Mexico, Texas, U.S

☆ Beryl regains hurricane strength as it bears down on Texas coast
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: +6 min

Lifeguard Sebastian Gonzales watches over people at the beach as tides rise and clouds loom overhead just before hurricane Beryl is expected to make landfall on Sunday, July 7, 2024 in Galveston. "Life-threatening storm surge, heavy rainfall, and strong winds are ongoing across portions of Texas," the hurricane center said. A hurricane warning is in effect for the Texas coast from Mesquite Bay north to Port Bolivar, the center said. People on the Texas coast boarded up windows and left beach towns under evacuation order. Along the Texas coast, many residents and business owners took the typical storm precautions but also expressed uncertainty about the storm's intensity.

Persons: Sebastian Gonzales, Beryl, we've, Gov, Dan Patrick, Greg Abbott, Port Lavaca, Jimmy, Percy Roberts, Ken Waller, Waller, Roberts, Sargent, Beryl lurked, Hurricane Harvey, Vincent Organizations: National Hurricane Center, Gov, Atlantic, Corpus Christi, Houston, midafternoon, Christi, Federal Emergency Management Agency Locations: Galveston, Texas, Mexico, Caribbean, Matagorda , Texas, Corpus Christi, Mesquite Bay, Port Bolivar, Matagorda Bay, Houston, Beryl's, Arkansas, Port, Baffin Bay, Corpus, Matagorda, Hurricane, Yucatan, Jamaica, Barbados, St, Grenadines, Grenada, Venezuela

☆ U.S. crude oil prices fall nearly 1% as market tracks path of Hurricane Beryl
▼ + stars: | 2024-07-08 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil futures fell nearly 1% Monday as traders monitored the impact of Hurricane Beryl on Gulf Coast refining, production and export infrastructure. Beryl made landfall near Matagorda, Texas as a Category 1 hurricane with maximum sustained winds of 80 miles per hour, according to the National Hurricane Center. Here are today's energy prices:Shell shut in production and evacuated personnel from its Perdido platform about 200 miles south of Galveston, according to a company statement Friday. The platform was producing roughly 100,000 barrels per day, about 5.5% of oil production in the Gulf of Mexico, according to Andy Lipow, president of Lipow Oil Associates. "I don't foresee this storm affecting either supply or price to any significant degree; the consumer will get their gasoline.

Persons: Hurricane, Beryl, Andy Lipow, Lipow Organizations: National Hurricane Center, Corpus Christi, U.S ., Shell, Lipow Oil Associates Locations: Matagorda , Texas, Matagorda, Corpus, U.S . U.S, Galveston, Gulf of Mexico

Currently a tropical storm, Beryl is in the Gulf of Mexico about 245 miles southeast of Corpus Christi, fanning maximum winds of 60 mph as of 5 a.m. Dangerous storm surge along US Gulf Coast: Tropical storm conditions will begin to be felt along the western Gulf Coast on Sunday, with hurricane conditions expected later in the day. Hurricane-force winds will hit the lower and middle Texas coast Sunday night and Monday. A few tornadoes could also occur along the Texas Coast Sunday afternoon and evening. “Preparations should be rushed to completion before tropical storm conditions begin late today,” the hurricane center said Sunday morning.

Persons: Eddie Seal, Beryl, Barra el Mezquital, It’s Organizations: Bloomberg, Getty, National Hurricane Center, Corpus Christi, Padre, Texas Gulf, East Texas, Texas Coast Locations: Port Aransas , Texas, Corpus Christi , Texas, Gulf, Mexico, Corpus, Texas, Baffin Bay, Sargent, Rio Grande, Luis, High, Mexican, Barra el, Rio Grande ., Bay, Matagorda Bay, Galveston Bay, The Texas, Sabine, Gulf Coast, Texas Gulf Coast, East

☆ Hurricane Beryl: Damaging winds and storm surge could hit South Texas this weekend
▼ + stars: | 2024-07-06 | by ( Dalia Faheid | ) edition.cnn.com time to read: +10 min

CNN —Tropical Storm Beryl will strengthen as it tracks toward the Texas-Mexico border this weekend, bringing a risk of damaging winds, life-threatening storm surge and dangerous flooding to Texas beginning late Sunday. • Hurricane and storm surge watches issued: Hurricane and storm surge watches were extended eastward along the Texas coast Friday night. • Beryl expected to slam South Texas: Beryl is forecast to make landfall over South Padre Island, Texas, close to the Texas-Mexico border, as a Category 1 hurricane late Sunday night, according to the National Hurricane Center. • At least nine dead due to Beryl: Beryl became the earliest Category 5 hurricane in the Atlantic on record earlier this week. Randy Brooks/AFP/Getty Images Brad Reinhart, senior hurricane specialist at the National Hurricane Center in Miami, tracks Hurricane Beryl on Monday.

Persons: It’s, • Beryl, Beryl, Barra el Mezquital, Gov, Dan Patrick, “, ” Patrick, ClimaMeter, Vincent, Everton Evanks, Elizabeth, Joe Raedle, Hurricane Beryl, Fernando Llano, Collin Reid, Leo Hudson, Simone Francis, Hurricane, Paola Chiomante, Marco Bello, Jose Luis Gonzalez, Arthur Daniel, Samir Aponte, Ricardo Hernandez, Winston Alleyne, Lucanus, Ricardo Mazalan, Sylvia Small, Matthew Dominick, Chandan Khanna, Randy Brooks, Brad Reinhart, Gilbert Bellamy, Beryl’s, Patrick, Greg Abbott, Rudy Madrid, Connie Scott, Paulette Guajardo, Guajardo Organizations: CNN, National Hurricane Center ., Texas Gulf, National Hurricane Center, Everton, Hurricane, Getty, AP, National, Reuters, Wednesday, Reuters Workers, AP Homes, Petite Martinique, Bridgetown Fisheries, NASA, Gov, Texas Coast, Texas Gov, Sargent, Residents, Facebook, Loyola Beach, National Weather Service, Corpus Christi, Sunday, Corpus Locations: Texas, Mexico, of Mexico, Corpus Christi , Texas, Yucatan, South Texas, The Texas, Rio, San Luis Pass, High, Harris County, Barra el, Rio Grande, South Padre Island , Texas, National Hurricane Center . Texas, Gulf Coast, Texas Gulf Coast, Gulf, Caribbean, Jamaica, Venezuela, Grenada, Saint Vincent, Grenadines, St, Barbados, Elizabeth Parish, Tulum, Kingston , Jamaica, Hurricane, Kingston, Old Harbor, Cancun , Mexico, Playa del Carmen, Union, Kingstown, Lucanus, Petite, Cumanacoa, Santo Domingo, Dominican Republic, Bridgetown, Oistins, Hastings, AFP, Miami, Matagorda County, Matagorda, Palacios, Aransas, RVs, Kleberg County, Baffin Bay, City, Kingsville . Nueces, Corpus, Houston

Palacios, Texas, is a small town with a rich history of Vietnamese American shrimpers on the Gulf Coast. The famed Texas brown shrimp went in one bucket. The Texas white shrimp in another. Mr. Nguyen, 63, is one of thousands of Vietnamese refugees who settled along the Gulf Coast after the Vietnam War. Along the way, they overcame the trauma of war and displacement, language barriers and deep-seated prejudice from local residents.

Persons: Vinh Nguyen, Nguyen Locations: Palacios , Texas, Gulf, Matagorda Bay, Texas, Vietnam

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