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☆ Oil prices inch up on Fed rate cut outlook
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: +2 min

Oil prices edged up in early trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by U.S. supply resumptions following Hurricane Francine and weaker China data. Brent crude futures for November were up 15 cents, or 0.2% at $71.76 a barrel at 0015 GMT. U.S. crude futures for October were up 23 cents, or 0.3%, at $68.88 a barrel. Still, nearly a fifth of crude oil production and 28% of natural gas output in the Gulf of Mexico remain offline in the hurricane's aftermath. A key factor that will dominate the market this week is how aggressive a rate cut the U.S. Federal Reserve will deliver following its Sept. 17-18 meeting.

Persons: Francine, Donald Trump, Benjamin Netanyahu, Israel Organizations: Brent, U.S . Federal, FedWatch, ANZ, Republican Locations: Tatarstan, Russia, U.S, China, Mexico, Gulf, Florida, Iran, Israel

☆ Oil prices flat as lower demand signs outweigh U.S. hurricane impact
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: +1 min

Oil prices were flat on Thursday as concerns about lower demand erased the gains from the previous session spurred by Hurricane's Francine's impact on output in the U.S., the world's biggest crude producer. But with the storm set to eventually dissipate after making landfall, the oil market's attention again turned to lower demand. U.S. oil stockpiles rose across the board last week as crude imports grew and exports dipped, the Energy Information Administration said on Wednesday. The data also showed gasoline demand fell to its lowest since May at the same time distillate fuel demand dropped, with refinery runs also declining. Earlier in the week, the Organization of the Petroleum Exporting Countries cut its forecast for global oil demand growth in 2024 and also trimmed its expectation for next year, its second consecutive downward revision.

Persons: Hurricane's, Brent Organizations: Hurricane, Energy Information Administration, Organization of, Petroleum, International Energy, ANZ Research Locations: Nolan , Texas, U.S, U.S . Gulf, Mexico, Louisiana

☆ Why meteorologists avoid afternoon and evening flights in the summer
▼ + stars: | 2024-07-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

"I broke the one rule you should never ever break," the 9News Denver meteorologist told his followers. Advertisement"It was a fun trip, and I did not have to work the next day," Bianchi told BI. Hot air rises, so the warm summer air near Earth's surface starts to rise to higher, cooler altitudes. Morning flights can help you avoid cascading delaysBooking morning flights doesn't just help you avoid nasty weather — it also cushions you against delays that build up throughout the day. Knowing all that science and flight logistics, Bianchi's takeaway is simple: "Book a flight in the morning in summer," he said.

Persons: —, Chris Bianchi, I'm, didn't, Tom Green, Bianchi, Bianchi didn't, Ethan Miller, Alyssa Glenny, Hurricane Beryl, Beryl, Glenny Organizations: Service, LaGuardia Airport, Business, McCarran International Airport, Tornado, Reuters Locations: Denver, United States, Las Vegas , Nevada, Chicago, LaGuardia, Miami, Lakes, New England, Texas

☆ 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

ACAPULCO, Mexico, Oct 27 (Reuters) - Looting ravaged the Mexican city of Acapulco after the iconic beach resort was hammered this week by Hurricane Otis, a record-breaking storm that killed at least 27 people and left thousands of residents struggling to get food and water. [1/5]People walk among rubble in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 27, 2023. 'WE WERE LUCKY'Mexican authorities said Otis was the most powerful storm ever to strike Mexico's Pacific coast. To evacuate tourists, an air bridge between Acapulco and Mexico City was being set up on Friday after authorities got the city's battered airport back up and running. Lopez Obrador urged insurance companies to speed up payouts.

Persons: Hurricane Otis, Otis, everything's, Rodolfo Villagomez, Andres Manuel Lopez Obrador, Lopez Obrador, Raul Busto Ramirez, Letitia Murphy, Neil Marshall, Murphy, Quetzalli, we're, Enki, Lopez, Pope Francis, Joe Biden, America Movil, Alexandre Meneghini, Jose Cortes, Diego Ore, Kylie Madry, Laura Gottesdiener, Natalia Siniawski, Dave Graham, Chizu Nomiyama, Bill Berkrot, Sandra Maler, Raju Gopalakrishnan Organizations: Reuters, REUTERS, Central America, LUCKY, Otis, America, Thomson Locations: ACAPULCO, Mexico, Acapulco, Guerrero, Acapulco's, Hurricane, British, State, Mexican, Mexico City, Monterrey, Gdansk

☆ 'Extremely dangerous' Category 4 Hurricane Lidia heads to Mexico's Pacific coast
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

[1/9] Men board up the storefront of a business as Hurricane Lidia barrels towards Mexico's Pacific coast, in Puerto Vallarta, Mexico October 10, 2023. REUTERS/Christian Ruano Acquire Licensing RightsMEXICO CITY, Oct 10 (Reuters) - Hurricane Lidia reached Category 4 strength on Tuesday afternoon as it barreled towards Mexico's Pacific coast, where major beach and tourist resorts were bracing for significant downpours, likely flooding as well as imminent hurricane-force winds. The U.S. National Hurricane Center (NHC) warned that Hurricane Lidia was of "extremely dangerous" strength and could strengthen further before making landfall on Tuesday night. The hurricane was about 110 miles (177 km) southwest of major beach destination Puerto Vallarta, the Miami-based NHC reported in its latest bulletin at 5:30 p.m. The Puerto Vallarta airport announced on social media it was closing from 4 p.m. (2200 GMT) until 8 a.m. on Wednesday.

Persons: Lidia, Christian Ruano, Max, Raul Cortes Fernandez, Brendan O'Boyle, Isabel Woodford, Stephen Eisenhammer, Stephen Coates, Sandra Maler Organizations: REUTERS, Christian, MEXICO CITY, U.S, National Hurricane Center, NHC, Tropical, Thomson Locations: Puerto Vallarta, Mexico, MEXICO, Miami, Puerto, Nayarit, Sinaloa, Jalisco, Guerrero

Check Altitude. Check Altitude. Just zigzagging in and out, penetrating different parts of the eye wall and then going back into the eye. As soon as we started to rock a little bit everybody ran back to their jump seats and sat down. You could feel the intensity of the turbulence a little bit more, then a little bit more, and a little bit more.

Persons: I’m, we’re, Keesler Organizations: 130J, 53rd Weather Reconnaissance Squadron, Keesler Air Force Base Locations: Biloxi , Mississippi

STEINHATCHEE, Florida, Aug 30 (Reuters) - Florida's Gulf Coast braced on Wednesday for fierce winds, torrential rain and surging seawater from Idalia, forecast to become "an extremely dangerous" Category 4 hurricane, as it swirled toward a direct hit on the state's Big Bend region. Most of Florida's 21 million residents, and many in the adjacent states of Georgia and South Carolina, were under hurricane warnings and other storm-related advisories. Any storm reaching Category 3 or higher is considered a major hurricane. 1 killer in all of these storms is water," Deanne Criswell, the Federal Emergency Management Agency's administrator, said on CNN. Idalia-related disruptions extended to Florida's Atlantic coast at Cape Canaveral, where the Tuesday launch of a rocket carrying a U.S. Space Force intelligence satellite was delayed indefinitely.

Persons: Kevin Guthrie, Rene Hoffman, Idalia, Steve Pizzano, Adrees Latif, Biden, Ron DeSantis, Irma, Michael, Ian, DeSantis, Milton Bontrager, Maria Alejandra Cardona, Marco Bello, Joey Roulette, Rich McKay, Nelson Acosta, Dave Sherwood, Brad Brooks, Brendan O'Brien, Nandita Bose, Steve Gorman, Gerry Doyle Organizations: Reuters Graphics Reuters, National Hurricane Center, NHC, REUTERS, Federal Emergency Management, CNN, White, Florida, Republican, U.S . Space Force, Tampa International Airport, National Guard, Thomson Locations: STEINHATCHEE, Florida, Idalia, Bend, Gulf of Mexico, Georgia, South Carolina, Steinhatchee , Florida, Miami, Cedar Key , Florida, Gulf Coast, North, Sarasota, Apalachicola Bay ., Clearwater Beach , Florida, U.S, Gulf, Gainesville, Tallahassee, Tampa, St, Petersburg, Cape Canaveral, Cuba, Tampa , Florida, Atlanta, Havana, Guanimar, Longmont , Colorado, Chicago, Washington

☆ Hurricane Idalia chases Florida residents from the Gulf Coast as forecasters warn of storm surge
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: +7 min

The result could be a big blow to a state still dealing with lingering damage from last year's Hurricane Ian. She had a message for the almost 900 residents who were under mandatory orders to evacuate the island near the coast of the Big Bend region. More than a dozen state troopers went door to door warning residents that storm surge could rise as high as 15 feet (4.5 meters). At 2 p.m. EDT Tuesday, Idalia was about 240 miles (390 kilometers) south-southwest of Tampa, with maximum sustained winds of 90 mph (150 kph), the National Hurricane Center said. Idalia's initial squalls were being felt in the Florida Keys and the southwestern coast of Florida on Tuesday afternoon, including at Clearwater Beach.

Persons: Idalia, Ian, Sue Colson, Colson, Andy Bair, Hurricane Hermine, Bair, we're, Ron DeSantis, Brian Kemp, Russell Guess, Brian McNoldy, McNoldy Organizations: National Weather Service, Cedar Key, City, National Hurricane Center, Florida Keys, Clearwater Beach . Workers, Carolinas, . Georgia Gov, National Guard, Cunningham Tree Service, University of Florida, MacDill Air Force Base, Tampa Bay, Busch Gardens, United Launch Alliance, Atmospheric Administration, University of Miami Locations: Coast, Gulf, Mexico, Florida, Tallahassee, Bend, Cedar, Tarpon Springs, Tampa, Clearwater Beach, Georgia, Valdosta , Georgia, Cuba, Pinar del Rio, Hawaii, Canada, Greece, California, Vermont, Gainesville

☆ Ukraine's dam break disaster likely won't stop the big counter-offensive that has Russian troops on edge
▼ + stars: | 2023-06-07 | by ( Sam Fellman | ) www.businessinsider.com time to read: +3 min

The humanitarian disaster of the burst dam may only amount to a setback for Ukraine's military. Even before the dam break, the Dnipro River was a formidable obstacle for Ukrainian forces. Ukraine might have chosen to avoid a risky river crossing anyway for their counter-offensive. Ukraine accused Russian forces last October of mining the Russian-controlled dam. Instead of crossing the Dnipro, another option for Ukraine is to attack east of the river entirely.

Persons: —, Michael Kofman, Kofman Organizations: Service, Institute for, Russia, CNA, Twitter, Russian Locations: Dnipro, Ukraine, Nova, Kherson, Russia, Ukrainian, Zaporizhia, Ukraine's, Russian, Crimea

☆ Op-ed: The calm before the storm – These 3 drivers will dictate the landing ahead for the U.S. economy
▼ + stars: | 2023-02-28 | by ( Rebecca Patterson | ) www.cnbc.com time to read: +5 min

The approach of those storms seems an appropriate analogy to the U.S. economic outlook today. Investors today are keenly focused on what kind of economic landing the U.S. will have and how best to position for different outcomes. That's critical for the broader growth outlook, given that consumption represents around two-thirds of the economy. While many U.S. firms are expressing their nervousness about the economic outlook, they are at the same time still seeking to hire. A negative feedback loop would likely ensue, with less income weighing on spending and less spending making companies more cautious.

SummarySummary Companies Crystal Amber proposes removal of chairman, CEO and CFOProposes appointment of two new directorsShares up 5%Dec 23 (Reuters) - Hurricane Energy's (HUR.L) largest shareholder Crystal Amber Fund (CRSL.L) is calling for the removal of top management at the British company and the appointment of two directors from another firm that the fund says could invest in Hurricane. Activist investor Crystal Amber, which holds 28.9% in the North Sea oil and gas producer, said on Friday it had issued a requisition notice for a shareholder meeting, seeking to remove Hurricane Chairman Philip Wolfe, CEO Antony Maris, and finance chief Richard Chaffe. If the two are appointed, Crystal Amber said it would be supportive of bringing on Albion as an investor in Hurricane to raise funds for the company to spend on drilling programmes. Hurricane said it was reviewing the requisition notice from Crystal Amber and that all participants in its sale process had been requested to submit their bids by Jan. 7. "The Fund has concluded that in the continuing absence of a firm offer that reflects the value of Hurricane, it would be better served under new management," Crystal Amber said in a statement.

While going through a costly divorce earlier this year, Cavanaugh's flood insurance coverage lapsed. Many people in the small coastal community, which faces the Gulf of Mexico southwest of Fort Myers, did not have flood insurance coverage. It appears that, despite an increased occurrence of devastating flood events, a declining percentage of people nationwide have flood insurance policies. Chuck Larsen / SantivaChronicle.com via APOne significant issue is that many homeowners assume a typical homeowner's insurance policy covers floods. The average cost of flood insurance from the National Flood Insurance Program is $995 a year, according to Forbes Advisor analysis.

Many of the most destructive and potentially deadly impacts of a hurricane — including storm surge, flooding and rainfall — are not accounted for in a storm's category number. "Hurricane Ian is a very large, slow-moving hurricane. "There have been several alternative scales proposed over the years and none have gained enough attention or traction by the National Hurricane Center," Collins said. "It is important to have such evidence before even proposing to the National Hurricane Center that this should be considered as a replacement." Kantha said the National Hurricane Center acts conservatively and carefully with changes, particularly those with legal implications.

☆ Cuba slowly begins to restore power after Hurricane Ian knocks out grid
▼ + stars: | 2022-09-28 | by ( Dave Sherwood | ) www.reuters.com time to read: +3 min

REUTERS/Alexandre MeneghiniHAVANA, Cuba, Sept 28 (Reuters) - Cuba had slowly begun to restore power across the eastern end of the island, the state electricity provider said early on Wednesday, after Hurricane Ian caused the country's grid to collapse, turning off the lights for more than 11 million people. But officials said Hurricane Ian had proven too much, knocking out power even in far eastern Cuba, which was largely unaffected by the storm. By early morning Wednesday, officials said some power had been restored to the areas with the least storm damage. Further west in Cuba, nearer the capital Havana, the process would be slower and more "complicated," the generator said. Ian, which left a swath of destruction and at least two dead across western Cuba, has now strengthened into an extremely dangerous Category 4 hurricane, the U.S. National Hurricane Center said on Wednesday.

☆ Jan. 6 committee postpones Wednesday hearing as Hurricane Ian bears down on Florida
▼ + stars: | 2022-09-27 | by ( Erin Snodgrass | Warren Rojas | ) www.businessinsider.com time to read: +3 min

The panel cited Hurricane Ian, which is set to hit Florida on Wednesday, as reason for the delay. Chairman Bennie G. Thompson and Vice Chair Liz Cheney released a Tuesday statement announcing that the panel's next public hearing, which was scheduled for Wednesday afternoon, will be postponed. "In light of Hurricane Ian bearing down on parts of Florida, we have decided to postpone tomorrow's proceedings," the lawmakers said. Sewing up 'loose ends'January 6 committee member Rep. Jamie Raskin told reporters that the goal of the ninth – and presumably last – public hearing was to sew up "some loose ends." "People understand that the former president wouldn't take no for an answer," Raskin told reporters outside the US Capitol on September 22.

☆ Artemis moon mission likely delayed until November as NASA moves rocket out of hurricane's path
▼ + stars: | 2022-09-27 | by ( Michael Sheetz | ) www.cnbc.com time to read: +2 min

With Hurricane Ian bearing down on Florida, the space agency rolled back the Space Launch System (SLS) rocket — set to launch the Artemis I mission — into the mammoth Vehicle Assembly Building for protection at Kennedy Space Center. NASA now sees November as the most likely opportunity for the next Artemis I launch attempt. For the rocket and capsule, "limited life" describes items which need to be refreshed or checked periodically, such as batteries or propellant tanks. Tentatively, the plan is to land the agency's astronauts on the moon by its third Artemis mission in 2025. More than $40 billion has already been spent on the Artemis program, much of that toward SLS and Orion development.

☆ Preparing for Category 6 hurricanes, a new facility will test winds of 200 mph and storm surge
▼ + stars: | 2022-02-07 | by ( Jennifer Gray | Cnn Meteorologist | ) edition.cnn.com time to read: +22 min

Hide Caption 1 of 99 Photos: Hurricane Dorian Homes are in ruins one week after Dorian hit Marsh Harbour. Hide Caption 11 of 99 Photos: Hurricane Dorian Waves crash into boats in Halifax, Nova Scotia, as Hurricane Dorian approached on September 7. Hide Caption 27 of 99 Photos: Hurricane Dorian Emerald Isle employees work to clear a road after a tornado hit. Hide Caption 67 of 99 Photos: Hurricane Dorian Dorian left heavy damage at this resort in Hope Town, Bahamas. Hide Caption 74 of 99 Photos: Hurricane Dorian Palm trees blow in strong winds prior to Dorian's landfall in Freeport.

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