Into The Vortex – EIA Natural Gas Storage Outlook

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  • #21711
    TradersCom
    Keymaster

    EIA reported a lower than expected build of…

    [article]1694[/article]

    #21732
    TradersCom
    Keymaster

    Updated at 1:45 p.m. ET

    Tropical Storm Dorian is forecast to become a hurricane in the eastern Caribbean by late Tuesday, the National Hurricane Center says, issuing warnings to Barbados and other islands in the storm’s path. Puerto Rico, Haiti and other areas are also watching its progress.

    The storm “is expected to be a hurricane when it moves near Puerto Rico and eastern Hispaniola” this week, the NHC says.

    Dorian is forecast to grow into a lower-level Category 1 hurricane, meaning its sustained winds would narrowly top the 74-mph threshold for a hurricane. For now, forecasters say, the storm remains small, projecting tropical-storm-force winds no more than 45 miles from its center.

    As of Monday morning, Dorian was showing signs of becoming better organized, with satellite images showing a “cloud pattern consisting of a compact central dense overcast and some broken outer bands,” the NHC says.

    Despite that development, the storm’s power is expected not to intensify, as Dorian will likely be sapped by surrounding areas of dry air.

    While Dorian could achieve hurricane status by the time it approaches Hispaniola in roughly three days, the island’s rough terrain and other conditions are expected to significantly weaken the storm.

    A tropical storm warning is in effect for Barbados, St. Lucia, St. Vincent and the Grenadines, meaning tropical storm conditions are expected within 36 hours. Dorian could bring 3 to 8 inches of rain to those areas through Tuesday.

    The rush to prepare for the storm includes last-minute attempts to top off reserves of fresh water. When heavy traffic slowed those efforts down, the Barbados Water Authority said on Monday that it had arranged for police escorts to make sure water tankers reach customers.

    On Monday, France upgraded its alert for Martinique, declaring a storm watch instead of a warning.

    A storm watch — meaning dangerous conditions could arrive within 48 hours — is in effect for Dominica, Grenada and nearby islands.

    #21739
    TradersCom
    Keymaster

    NHC ..TROPICAL STORM WARNING ISSUED FOR PORTIONS OF THE EASTERN DOMINICAN REPUBLIC… …HEAVY RAINS AND GUSTY WINDS STILL AFFECTING THE NORTHERN WINDWARD ISLANDS AND SOUTHERN LEEWARD ISLANDS…

    #21757
    TradersCom
    Keymaster

    Summary

    Working gas in storage was 2,857 Bcf as of Friday, August 23, 2019, according to EIA estimates. This represents a net increase of 60 Bcf from the previous week. Stocks were 363 Bcf higher than last year at this time and 100 Bcf below the five-year average of 2,957 Bcf. At 2,857 Bcf, total working gas is within the five-year historical range.

    #21759
    ThePitBoss
    Participant

    NHC 11.00 Update

    Maximum sustained winds are near 85 mph (140 km/h) with higher gusts. Strengthening is forecast during the next few days, and
    Dorian is expected to become a major hurricane on Friday, and remain an extremely dangerous hurricane through the weekend.

    Seen as Category 4 storm in the next 72 hours. It’s likely to land in the US on Sunday or Monday.

    #21776
    TradersCom
    Keymaster

    NHC latest for HurricaneDorian2019 11.00 ET Sat

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