Nat Gas News – September 22, 2017
Nat Gas News – September 22, 2017
U.S. Natural Gas Futures Extend Losses after Storage Data
Investing.com reports: U.S. natural gas futures initially extended losses in North American trade on Thursday, after data showed that natural gas supplies in storage in the U.S. rose more than expected last week. Natural gas prices look set to remain on the back foot in the weeks ahead as traders react to the reality that higher summer demand for the commodity is coming to an end. Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning. But with autumn due to start on September 22, power burns to feed air conditioning demand have probably peaked for now, market analysts said. For more visit investing.com or click the following link http://bit.ly/2ysH7wd
Power Crews Scramble to Puerto Rico after Maria Smashes its Grid
Reuters reports: Utility crews from the U.S. mainland were scrambling to Puerto Rico on Thursday after Hurricane Maria left nearly the entire U.S. territory, and many of its Caribbean neighbors, without power, according to officials. The Puerto Rico Electric Power Authority (PREPA) reported almost 100 percent of its 1.5 million customers were without power as of late Wednesday, the U.S. Department of Energy said in an update on the hurricane’s impact on Thursday, after Maria’s winds snapped trees and utility polls. The power outages have forced critical facilities, like hospitals, to rely on generators, and raised concerns about potential fuel shortages as some gas stations may not have backup power. For more on this story visit reuters.com or click the following link http://reut.rs/2fdkd3x
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