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☆ Texas needs money to keep the lights on during extreme weather. It’s funding more fossil fuel instead
▼ + stars: | 2024-07-12 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

But rather than shuttling money into strengthening its grid to make sure the lights and A/C stay on during increasingly extreme weather, Texas is pouring billions of taxpayer dollars into new natural gas-fired power plants. Adding more electricity to the grid isn’t necessarily a bad thing because the state is facing higher demand, said Texas energy expert Doug Lewin, founder of consulting firm Stoic Energy. The state prioritizes natural gas power plants or backup natural gas generator systems. Centerpoint and other Texas utilities are no stranger to extreme weather. “In addition to extreme weather, the company’s service area also experiences heavy precipitation and extreme temperatures,” the company wrote in the report.

Persons: Beryl, Doug Lewin, ” Lewin, it’s, Texas Republicans ’, ” Michael Webber, Centerpoint, Joshua Rhodes, ” Rhodes, Rhodes, It’s, haven’t, doesn’t, ”, Alison Silverstein, Microgrids, Lewin, “ We’ve, “ That’s Organizations: CNN, Houston, Energy, Texas Republicans, University of Texas, Centerpoint Energy, UT Austin, Texas Public Service Commission Locations: Houston, Texas, Austin, “

“We look at this 1-year-old as our miracle baby, (because) he was still alive,” Calcasieu Parish Sheriff Stitch Guillory said this week. Detectives eventually learned the 4-year-old had last been seen on Saturday with his mother, Aaliyah Jack, 25, of Lake Charles, and his 1-year-old brother, the sheriff’s office said. The 1-year-old was found near mile marker 10 – about 9 miles from the rest stop where his brother had been found dead the day before, the sheriff’s office said. He was taken to a hospital and later released to the state Department of Children and Family Services, Calcasieu Parish Sheriff’s Office spokesperson Kayla Vincent told CNN. In this still from a video, truck driver Reginald Walton speaks to CNN affiliate KADN.

Persons: Hurricane, Stitch Guillory, Beryl, Aaliyah Jack, –, Reginald Walton, ’ ” Walton, KADN, Walton, ” Walton, Kayla Vincent, Jack –, Guillory, “, ”, ‘, Jack, Aaliyah Jack’s, Conswella Jack, …, Conswella, Lake Charles, CNN’s Taylor Ward Organizations: CNN, Police, KADN, Department of Children, Family Services Locations: Louisiana, Mississippi, Gulf Coast, Calcasieu, Louisiana’s Calcasieu Parish, Texas, Lake Charles, Meridian , Mississippi, Calcasieu Parish, Houston, Lake

☆ 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

☆ CNBC Daily Open: Are markets too optimistic?
▼ + stars: | 2024-07-09 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. While open to collaboration, Elliott plans to give shareholders a say in leadership changes if the board remains unresponsive. Despite selling $379 million worth of bitcoin in recent weeks, Germany's Federal Criminal Police Office still holds roughly 32,488 bitcoins — worth around $1.9 billion at today's prices. Japan stocks hit record highJapan's export-heavy Nikkei 225 as well as the broader Topix hit record highs amid a broader rise in Asia-Pacific markets.

Persons: Beryl, Elliott, Elliott Management, Bob Jordan, Gary Kelly, Corning, We've, Wendell Weeks Organizations: New York Stock Exchange, CNBC, Nasdaq, Apple, Nvidia, Dow Jones, Treasury, Southwest Airlines, Police, Federal Criminal Police, National Australia Bank, CSI Locations: New York City, U.S, Saxony, Japan, Asia, Pacific, Al

☆ Beryl Leaves Millions Without Power in Houston: What to Know
▼ + stars: | 2024-07-09 | by ( J. David Goodman | ) www.nytimes.com time to read: +1 min

A day after Tropical Storm Beryl struck Houston with deadly force, flooding roads and highways and killing at least seven people in Texas and an eighth in Louisiana, officials were struggling to restore power for millions of residents as hot weather returned to the region. But the force of its winds still left Houston residents reeling for the second time in two months after a deadly system of thunderstorms crashed through the city in May. The storm had sustained winds of 65 m.p.h. as it passed through Houston but also produced damaging, hurricane-force wind gusts above 80 m.p.h. Two of the confirmed deaths from the storm in the Houston area on Monday involved trees that fell into homes, crushing people inside.

Persons: Beryl Locations: Houston, Texas, Louisiana

☆ CNBC Daily Open: Are markets overly optimistic?
▼ + stars: | 2024-07-09 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. While open to collaboration, Elliott plans to give shareholders a say in leadership changes if the board remains unresponsive. Despite selling $379 million worth of bitcoin in recent weeks, Germany's Federal Criminal Police Office still holds roughly 32,488 bitcoins — worth around $1.9 billion at today's prices.

Persons: Beryl, Elliott, Elliott Management, Bob Jordan, Gary Kelly, Corning, We've, Wendell Weeks, Max Organizations: New York Stock Exchange, CNBC, Nasdaq, Apple, Nvidia, Dow Jones, Treasury, Southwest Airlines, Police, Federal Criminal Police, Boeing, Wall Locations: New York City, U.S, Saxony, Texas

Galveston Mayor Craig Brown speaks at a press conference on July 7. KPRCGalveston Mayor Craig Brown says the city is prepared for Tropical Storm Beryl as it makes its way to the Texas coastline. They could see six to seven feet of storm surge if the storm moves a little more north. “That would cause a lot of flooding on the west end and in downtown Galveston,” Brown said. Businesses use sand bags to protect windows and entrances from Beryl in Galveston, Texas, on July 7.

Persons: Craig Brown, Storm Beryl, ” Brown, “, ”, Raquel Natalicchio, Brown, we’ve Organizations: Galveston, Houston Chronicle, Coast Guard Locations: Texas, Galveston, Beryl, Galveston , Texas, ”, Port, Houston

Tropical Storm Beryl ripped a path of destruction through the heart of Houston on Monday, transforming roads into rivers, killing at least four people and knocking out power for more than two million customers across Texas. The storm, which made landfall early Monday as a Category 1 hurricane, weakened as it passed over the city and continued its swirling march north. But its relatively modest official strength undersold its power, local authorities said. As it churned through Houston, officials warned people to stay inside and away from windows, “as though there was a tornado coming your way,” Lina Hidalgo, the top official in Harris County, which includes Houston, cautioned residents. The center passed just to the west of the city, meaning Houston received some of the worst of the storm as it spun counterclockwise.

Persons: Beryl, ” Lina Hidalgo Organizations: Houston Locations: Houston, Texas, Harris County

☆ 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

☆ Oil little changed as investors eye impact of storm Beryl on Texas
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed as investors eyed energy supply disruption, with the largest ports in Texas shut before Tropical Storm Beryl likely strengthens into a hurricane and makes landfall on Monday. Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on Friday. U.S. West Texas Intermediate crude was at $83.08 a barrel, down 8 cents, after settling down 72 cents in the previous session. Lower interest rates can boost economic activity and increase crude oil demand. Investors were also watching for any impact from elections in the UK, France and Iran last week on geopolitics and energy policies.

Persons: Beryl, Corpus Christi, Tony Sycamore, Baker Hughes BKR.O, Sycamore, Masoud Pezeshkian Organizations: Tropical, Brent, . West Texas, Texas City, Energy, Administration, Sunday Locations: Texas, Corpus Christi, Houston, Galveston, Freeport, Corpus, Sydney, U.S, France, Iran

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

☆ Live Updates: Beryl Expected to Hit Texas as a Hurricane
▼ + stars: | 2024-07-07 | by ( Isabelle Taft | ) www.nytimes.com time to read: +4 min

Beryl was forecast to bring winds of up to 110 miles per hour to parts of southeast Texas by early Monday. Texans are unusually familiar with power outages: The state had more weather-related power outages from 2000 to 2021 than any other, according to the advocacy organization Climate Central. In 2008, Hurricane Ike left two million customers across eastern Texas without power for three days after the storm. Hurricane Rita, in 2005, also caused widespread power outages lasting as long as seven days in some Texas counties. Texas officials, electricity companies and individuals were all thinking about the grid as Beryl churned through the Gulf of Mexico.

Persons: Nim Kidd, Beryl, Hurricane Ike, Hurricane Harvey, Ike, Harvey, Hurricane Rita, Gov, Dan Patrick, Thomas Muñoz, Muñoz, Robert DeShazo, “, ” Organizations: Texans, Texas Division, Emergency Management, Monday, Climate Central, Public, Commission, Energy, AEP Texas, Facebook, Corpus Christi Locations: Austin, Texas, Louisiana, Houston, U.S, Hurricane, Gulf of Mexico, South, West Texas, Ohio, Victoria, Rio Grande Valley

☆ Beryl bears down on Texas, where it is expected to hit after regaining hurricane strength
▼ + stars: | 2024-07-07 | by ( ) www.cnbc.com time to read: +1 min

Olive Rowe states, "everything is gone, everything is gone," as she stands in her home that was destroyed when Hurricane Beryl passed through the area on July 05, 2024 in Saint Elizabeth Parish, Jamaica. Hurricane Beryl made landfall in Mexico after passing through Caribbean islands, including Jamaica. Other parts were under tropical storm warnings. "We're expecting the storm to make landfall somewhere on the Texas coast sometime Monday, if the current forecast is correct," said Jack Beven, a senior hurricane specialist at the National Hurricane Center in Miami. It then battered Mexico as a Category 2 hurricane, toppling trees but causing no injuries or deaths before weakening to a tropical storm as it moved across the Yucatan Peninsula.

Persons: Olive Rowe, Hurricane Beryl, Beryl, Sargent, We're, Jack Beven Organizations: Corpus Christi, National Hurricane Center Locations: Saint Elizabeth Parish, Jamaica, Hurricane, Mexico, Caribbean, Gulf of Mexico, Texas, Baffin Bay, Corpus, Houston, Miami, Yucatan, . Texas

On June 19, Tropical Storm Alberto, which formed in the Gulf of Mexico, became the first named storm of the 2024 Atlantic hurricane season. “When it comes to hurricane and storm preparation, now is always the right time.”Protect your documents and valuables. Most homeowners’ policies do not cover flood damage, and flood insurance policies generally take 30 days to become effective. Move pantry items and a supply of bottled water to high, secure shelves, so they will be safer from floodwaters. Board up your windows to prevent leaks and broken glass, and, where necessary, secure doors with storm shutters.

Persons: Alberto, Deanna Frazier, Hurricane Harvey, ”, Alberto Moscoso, Kit, Mr, Acree, Dorian, Ramon Espinosa, Johnny Diaz Organizations: Tropical, Atmospheric Administration, New York Times, Federal Emergency Management Agency, Florida Division, Emergency Management, Social, Drug Administration, Disease Control Locations: Gulf of Mexico, Pacific, Wirecutter, Texas, Boquerón

☆ Beryl Live Updates: Over a Million in Texas Under a Hurricane Warning
▼ + stars: | 2024-07-07 | by ( Kate Selig | ) www.nytimes.com time to read: +9 min

On June 19, Tropical Storm Alberto, which formed in the Gulf of Mexico, became the first named storm of the 2024 Atlantic hurricane season. If you live in a coastal area, it’s important to be familiar with community evacuation plans, evacuation zones and evacuation routes. “When it comes to hurricane and storm preparation, now is always the right time.”Protect your documents and valuables. Most homeowners’ policies do not cover flood damage, and flood insurance policies generally take 30 days to become effective. Move pantry items and a supply of bottled water to high, secure shelves, so they will be safer from floodwaters.

☆ Texas Braces for Beryl, With Over a Million Under a Hurricane Warning
▼ + stars: | 2024-07-07 | by ( Kate Selig | ) www.nytimes.com time to read: +1 min

As Tropical Storm Beryl makes its way up the Gulf of Mexico, Texas is bracing itself for the storm to make landfall as a Category 1 hurricane on its coast, with several counties issuing evacuation notices and over a million residents under a hurricane warning early Sunday morning. After making landfall in Mexico, Beryl weakened to a tropical storm. But it is expected to strengthen to a Category 1 hurricane before making landfall again on Texas’ shores on Monday morning. The center predicts that tropical storm conditions will begin Sunday night, with hurricane conditions possible by early Monday. Forecasters say the storm could dump five to 10 inches of rainfall across portions of the Gulf Coast and eastern Texas; some areas could get as much as 15 inches.

Persons: Beryl Organizations: National Hurricane Center, Christi Locations: of Mexico , Texas, Caribbean, Mexico, Texas, of Mexico, Gulf

☆ Beryl set to strengthen on approach to Texas due to hot ocean temperatures
▼ + stars: | 2024-07-06 | by ( ) www.cnbc.com time to read: +5 min

A view shows damage caused by Hurricane Beryl on Union Island, Saint Vincent and the Grenadines, in this undated handout picture obtained by Reuters on July 5, 2024. Beryl hit Mexico's Yucatan Peninsula as a Category 2 hurricane on Friday, then weakened to a tropical storm. The hurricane center forecasts it will hit as a strong Category 1 storm, but wrote "this could be conservative if Beryl stays over water longer" than expected. "People in southern Texas now need to really keep an eye on the progress of Beryl," Beven said. Beryl set the record for the earliest Category 4 with winds of at least 130 mph (209 kilometers per hour) — the first-ever category 4 in June.

Persons: Hurricane, Saint Vincent, Beryl, Jack Beven, Jeff Masters, Beven, Brian McNoldy, Phil Klotzbach, Kerry Emanuel doesn't, Klotzbach, Rita, Wilma, Dennis, Miami's McNoldy, Albany's Kristen Corbosiero, Masters, hasn't, Corbosiero, Emanuel Organizations: Reuters, National Hurricane Center, Corpus Christi, Masters, University of Miami, Colorado State University, MIT, Colorado State, University, Miami's, Albany's, Nina Locations: Grenadines, it's Texas, Yucatan, Texas, toasty Gulf of Mexico, Brownsville, Corpus, Gulf, Mexico, Caribbean, Gulf of Mexico, Carriacou, Grenada

☆ 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

☆ Beryl moves into the Gulf of Mexico after battering Mexico’s Yucatan Peninsula, takes aim at Texas
▼ + stars: | 2024-07-06 | by ( ) www.cnbc.com time to read: +5 min

Beryl moved into the the Gulf of Mexico Friday and took aim at the south Texas coast after battering Mexico's Yucatan Peninsula. Texas officials issued disaster declarations and urge coastal residents to prepare as the storm headed their way. The storm's center Friday afternoon was in the Gulf just off Mexico, about 615 miles (995 kilometers) southeast of Corpus Christi, Texas. Some Texas counties have already issued voluntary evacuation orders in low-lying areas, and Texas officials urged coastal residents to prepare. Beryl spread destruction in Jamaica, St. Vincent and the Grenadines, and Barbados this week.

Persons: Beryl, Tulum, Gov, Dan Patrick, Patrick, Nim Kidd, Storm Alberto, Vincent, Laura Velázquez, Beryl hadn't, Balcaza, Lara Marsters, Andrew Holness, Hurricane Beryl, St Elizabeth, Baga Organizations: U.S, National Hurricane Center, Texas, Storm Locations: Mexico, Texas, Yucatan Peninsula . Texas, Corpus Christi , Texas, Gulf, Rio Grande, Corpus Christi, Northeastern Mexico, Jamaica, St, Grenadines, Barbados, Grenada, Venezuela, Boise , Idaho, Yucatan

☆ Live Updates: Hurricane Beryl Passes Cayman Islands on Way to Mexico
▼ + stars: | 2024-07-04 | by ( The New York Times | ) www.nytimes.com time to read: +6 min

According to major forecasts, it looks like it’s going to be an above-average hurricane season. An average Atlantic hurricane season has 14 named storms, including seven hurricanes and three major hurricanes. In 2020, the May forecast was for 13 to 19 named storms, but an updated forecast for August was even higher, with 19 to 25 named storms. This region, from West Africa to Central America, is hotter this year than it was before the start of last year’s hurricane season, which produced 20 named storms. The possibility of a La Niña, combined with record sea surface temperatures this hurricane season, is expected to create a robust environment this year for storms to form and intensify.

Persons: Judson Jones, Rick Spinrad, Idalia, Zack Wittman, Alberto, William, Damon Winter, Brian McNoldy, ”, Phil Klotzbach, Benjamin Kirtman, Waters, Niño, El, Michelle L’Heureux Organizations: The New York Times, National Oceanic, Atmospheric Administration, NOAA, Hurricane Idalia, National Weather Service, New York Times NOAA, University of Miami, Colorado State University, El Locations: Florida’s Big Bend, America, Fort Myers Beach, Fla, West Africa, Central America, El

☆ Oil prices hold firm as traders wait on U.S. stockpile data for signs of where demand is heading
▼ + stars: | 2024-07-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures held firm on Wednesday as traders waited for the latest round of U.S. inventory data for signs of whether gasoline demand is picking up. U.S. crude oil gained about 6% last month on expectations of a tighter third quarter with stockpiles forecast to draw down as summer fuel demand picked up. The Department of Energy will release the latest U.S. crude oil and gasoline stockpiles data at 10:30 a.m. Here are today's energy prices:Hurricane Beryl is barreling across the Caribbean and could hit the Texas Gulf Coast as a tropical storm on Saturday. "We used to think about hurricanes as unquestionably a potential bullish near-term development for oil markets, now the picture is not so clear," Croft told CNBC's "Last Call" on Tuesday evening.

Persons: Beryl, Helima Croft, Croft, CNBC's Organizations: Department, Energy, AAA, Texas Gulf, National Hurricane, RBC Capital Markets Locations: Caribbean, Texas Gulf Coast, U.S

☆ Live Updates: Hurricane Beryl, a Category 4 Storm, Speeds Toward Jamaica
▼ + stars: | 2024-07-03 | by ( Judson Jones | The New York Times | ) www.nytimes.com time to read: +6 min

According to major forecasts, it looks like it’s going to be an above-average hurricane season. Those could include four to seven major hurricanes — Category 3 or higher — with winds of at least 111 m.p.h. An average Atlantic hurricane season has 14 named storms, including seven hurricanes and three major hurricanes. In 2020, the May forecast was for 13 to 19 named storms, but an updated forecast for August was even higher, with 19 to 25 named storms. This region, from West Africa to Central America, is hotter this year than it was before the start of last year’s hurricane season, which produced 20 named storms.

☆ Hurricane Beryl roars toward Jamaica after killing at least 6 people in the southeast Caribbean
▼ + stars: | 2024-07-02 | by ( ) www.cnbc.com time to read: +1 min

A boy clears rock from the street as it gets flooded after the hurricane Beryl passes in the parish of Saint James, Barbados, near to Bridgetown, Barbados on July 1, 2024. Hurricane Beryl was roaring toward Jamaica on Wednesday, with islanders scrambling to make preparations after the powerful Category 4 storm earlier killed at least six people and caused significant damage in the southeast Caribbean. A hurricane warning was in effect for Jamaica, Grand Cayman, Little Cayman and Cayman Brac. Late Monday, Beryl became the earliest storm to develop into a Category 5 hurricane in the Atlantic and peaked at winds of 165 mph (270 kph) Tuesday before weakening to a still-destructive Category 4. It had maximum sustained winds of 145 mph (230 kph) and was moving west-northwest at 20 mph (31 kph), the center said.

Persons: Hurricane Beryl, Beryl Organizations: Grand Cayman, Cayman Brac, U.S, National Hurricane Center Locations: Saint James, Barbados, Bridgetown, Jamaica, Kingston, Grand, Little Cayman, Cayman Islands, Yucatan, Belize, Mexico, Belize City

☆ Why Beryl Is a Bad Sign for This Year’s Hurricane Season
▼ + stars: | 2024-07-01 | by ( Judson Jones | ) www.nytimes.com time to read: +1 min

Hurricane Beryl rapidly intensified from a tropical storm to a Category 4 hurricane in two days as it rushed toward the Caribbean this weekend, increasing its wind speed by 45 miles per hour daily. This quick escalation was a direct result of the above-average sea surface temperatures as well as a harbinger of what is to come this hurricane season. “This early-season storm activity is breaking records that were set in 1933 and 2005, two of the busiest Atlantic hurricane seasons on record,” said Philip Klotzbach, an expert in seasonal hurricane forecasts at Colorado State University. Last fall, a study in the journal Scientific Reports found that Atlantic hurricanes from 2001 to 2020 were twice as likely to grow from a weak storm into a hurricane of Category 3 or higher within 24 hours than they were from 1971 to 1990. The study added to a growing body of evidence that rapidly developing major hurricanes were becoming more likely.

Persons: ”, Philip Klotzbach Organizations: Colorado State University, Last Locations: Caribbean

☆ Hurricane Beryl nears Caribbean as life-threatening Category 3 storm — marking an unusually early start to hurricane season
▼ + stars: | 2024-07-01 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +8 min

CNN —Hurricane Beryl, a powerful Category 3 storm, is expected to slam into the Caribbean on Monday, endangering several island communities with life-threatening storm surge, violent winds and flash flooding. Beryl’s arrival marks an exceptionally early – and likely devastating – start to the Atlantic hurricane season. • Widespread tropical storm advisories: Tropical storm warnings are in effect for Martinique and Trinidad, the National Hurricane Center said. Less severe tropical storm watches are also in place in parts of the Dominican Republic and the southern coast of Haiti. The storm’s rapid intensification is very atypical this early into hurricane season, according to National Hurricane Center Director Mike Brennan.

Persons: Vincent, Beryl, Ivan, Ralph Gonsalves, ”, Mia Amor Mottley, Hurricane, Chandan Khanna, Ramona Archer, Bradshaw, “, General Cecile La, Saint Lucia, Grenada’s Maurice, Lucia’s, George Charles, Chris –, Mike Brennan, Alma, Hurricane Audrey, “ Beryl, ” Brennan, Phil Klotzbach, CNN’s Michael Rios, Marlon Sorto, Sandi Sidhu, Melissa Alonso, Isaac Yee, Brandon Miller Organizations: CNN, Atlantic, Islanders, Local, ”, National Hurricane Center ., Hurrican Center, Barbados, ” Workers, Getty, CBC News, Grenadian, Grenada’s Maurice Bishop International, Grantley Adams International, Lucia’s Hewanorra, George, National Hurricane Center, •, National Hurricane, NOAA, Systems, Colorado State University, Weather Service Locations: Caribbean, Grenada, St, Grenadines, Windward, Saint Vincent, Barbados, Windward Islands, Bridgetown, Lucia, Tobago, •, Saint, Martinique, Trinidad, Dominican Republic, Haiti, Gulf of Mexico, Lesser, Atlantic, El

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