Natural Gas News – September 14, 2018

Natural Gas News – September 14, 2018

Nearly 40 Homes Catch Fire After Natural Gas Tragedy North of Boston; 1 Dead

USA Today reported: A natural gas leak fiasco sparked fires in at least 39 homes throughout northeast Massachusetts communities, killing a man, causing explosions, and creating widespread “Armageddon,” police and local officials said Thursday. The fires, which erupted after suspected gas leaks around Lawrence, Massachusetts, are still unexplained. Authorities say one of the homes that exploded sent a chimney hurtling through the air and onto a car, fatally injuring the driver. “It looked like Armageddon, it really did,” Andover Fire Chief Michael Mansfield told reporters. “There were billows of smoke coming from Lawrence behind me. I could see pillars of smoke in front of me from the town of Andover.” Gov. Charlie Baker said state and local authorities are investigating but that it could take days or weeks before they turn up answers. For more on this story visit usatoday.com or click https://usat.ly/2QtCoDy

Oil Ends Sharply Lower as IEA Pegs Global Supplies at a Record and Hurricane Florence Weakens

Market Watch reports: Oil futures fell sharply on Thursday, with U.S. benchmark prices dropping back from the nearly two-month high seen a day earlier, as an industry report showed global supplies at a record and Hurricane Florence weakened ahead of its expected landfall on the East Coast. In a closely followed monthly report, the International Energy Agency said daily crude-oil output in the Organization of the Petroleum Exporting Countries climbed in August by 420,000 barrels a day, to average 32.63 million a day. That output more than made up for an expected decline in Iranian supply due to extant and pending U.S. economic sanctions. The August report also signaled that global supplies hit a record of 100 million barrels a day. For more on this story visit marketwatch.com or click https://on.mktw.net/2xj6m42

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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