DIRS.INFO The most relevant business & tech news

☆ 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 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

☆ 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

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

☆ Beryl leaves millions of Texans without power as dangerous heat descends on the region
▼ + stars: | 2024-07-08 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +4 min

CNN —Restoring power to millions of Texans slammed by the deadly and destructive storm Beryl could take days or even weeks, posing a dangerous scenario for residents who will not have air conditioning as sweltering heat settles over the state. Beryl slammed into southern Texas as a Category 1 hurricane Monday, knocking out power to more than 2.5 million homes and leaving at least 8 people dead in Texas and Louisiana. As it hurtles northeastward, it is bringing flooding and the threat of tornadoes across eastern Texas, western Louisiana and Arkansas. “The lack of proper cooling combined with many people outdoors cleaning up after Beryl could produce dangerous heat conditions,” the National Weather Service in Houston said. Despite weakening, Beryl will still produce flooding and tornadoes in the US as it moves inland through mid-week.

Persons: Beryl, Thomas Gleeson, Houston Mayor John Whitmire, CenterPoint, “ We’re, We’ll, ”, Flood Organizations: CNN, Texans, National Weather Service, Public, Commission, Texas, CenterPoint, Houston Mayor, US, Atlantic Locations: Texas, Louisiana, Arkansas, Houston, Galveston, Caribbean, Missouri, Illinois, Indiana, Ohio, Michigan, Canada

☆ 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

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

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

☆ 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

☆ 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

☆ Tropical Storm Beryl expected to become major hurricane by Monday
▼ + stars: | 2024-06-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Tropical Storm Beryl is expected to strengthen and become a "dangerous major hurricane" by Monday, bringing high winds and strong rain to the Caribbean, the National Hurricane Center said on Saturday. The storm, which formed on Friday, is forecast to hit the Windward Islands late Sunday. A hurricane watch is in effect for Barbados, Saint Lucia, Saint Vincent and the Grenadine Islands, and Grenada. Tropical storm watches are in effect for Martinique, Dominica, and Tobago. "Heavy rainfall and localized flooding is expected across the Windward Islands Sunday night and Monday," the National Hurricane Center said in an advisory, projecting rainfall totals of three to six inches.

Persons: Saint Vincent Organizations: National Hurricane Center, NHC Locations: Caribbean, Windward Islands, Barbados, Saint Lucia, Grenada, Martinique, Dominica, Tobago, Windward

Search resuls for: "Storm Beryl"

12 mentions found