Florida

Fossil Fuels

Marathon Petroleum's profit beats as volume increase offsets weak margins

Marathon Petroleum beat secondquarter profit price quotes, as higher volume of crude processing and a strong midstream sector assisted balance out low refining margins, sending the shares of the leading U.S. refiner up nearly 6%. It had the ability to process as much as 16% of the nation's total need at its 13 U.S. plants as of June even as fuel need took a hit from lower manufacturing activity and greater renewable fuel supply. In anticipation of greater need, U.S. refiners had ramped up processing capability to 93.5% in the second quarter, compared with 91% a year earlier, according to...

Energy Markets

Debby puts more than a foot of rain on coastal Georgia, South Carolina

Tropical Storm Debby inundated coastal Georgia and South Carolina with a deluge of rain that could flood Charleston, Savannah and other cities on Tuesday, a day after it slammed into Florida's Gulf Coast as a. typhoon. At least six individuals have actually passed away in Florida and Georgia in the. wake of the storm, which is expected to stick around over the. southeastern and mid-Atlantic coasts for days. Between 10 inches (25 cm) and 20 inches (51 cm) of rain was. expected to fall along parts of Georgia, South Carolina and. North Carolina through Friday and cause disastrous flooding,. the...

Energy Markets

Hurricane Debby takes goal at Florida's Gulf Coast, expected to slog up East Coast

Hurricane Debby is anticipated to slam into the Huge Bend region of Florida's Gulf Coast by midday on Monday before slowly crossing the state, causing possibly harmful storm rises and devastating flooding, the National Cyclone Center (NHC) stated. By 11 p.m. EDT (0300 GMT) on Sunday, the cyclone had continual winds of 75 miles per hour (120 kph), growing from a slow moving tropical storm that got strength from warm Gulf waters. It will likely simply get more powerful. The hurricane center forecast life-threatening conditions, including storm surges up to 10 feet (3 meters) in some locations. As it slowly...

Energy Markets

Coral reefs suffer fourth worldwide bleaching event, NOAA says

Along coastlines from Australia to Kenya to Mexico, a number of the world's vibrant coral reefs have turned a ghostly white in what researchers stated on Monday amounted to the 4th international whitening occasion in the last three years. At least 54 nations and areas have actually experienced mass bleaching among their reefs since February 2023 as environment change warms the ocean's surface waters, according to the U.S. National Oceanic and Atmospheric Administration's (NOAA) Coral Reef Watch, the world's leading coral reef monitoring body. Whitening is triggered by water temperature anomalies that trigger corals to expel the colorful algae living...

Natural Gas

Tropical Storm Debby stalls off Carolinas, bringing relentless rain to region

Hurricane Debby brought unrelenting rain to the U.S. Southeast as it drifted off the Carolinas on Wednesday morning, threatening the area with hazardous flooding before picking up speed in the coming days and racing toward the Northeast. At least 6 people have passed away in Florida and Georgia in the wake of the storm, which barged into Florida's Gulf Coast on Monday as a Classification 1 storm and raced north. It is anticipated to threat the southeastern and mid-Atlantic coasts for days. Governors in the Carolinas, Florida and Georgia have stated a state of emergency. The storm has currently left...

Electric Utilities

Hurricane Helene wreaks havoc on United States Southeast, death toll increases

Southeastern U.S. mentions started a. huge clean-up and healing effort on Sunday after winds, rain. and storm surges from Cyclone Helene offed power,. destroyed roadways and bridges and triggered catastrophic flooding. from Florida to Virginia. The storm caused a minimum of 60 deaths, according to state and. local officials in South Carolina, Florida, Georgia, North. Carolina and Virginia. Authorities feared still more bodies would. be discovered across a number of states. Damage price quotes varied from $15 billion to more than $100. billion, insurers and forecasters stated over the weekend. Property damage and lost financial output will become more clear....

Electric Utilities

A minimum of 33 dead as Helene cuts devastating path through southeastern US

Tropical Anxiety Helene brought lifethreatening flooding on Friday to broad sections of the U.S. Southeast, where at least 33 individuals have been eliminated by a storm that overloaded communities, activated mudslides, threatened dams and left more than 4 million homes and services without power. In Tennessee, fears that a dam would stop working near the city of Newport prompted officials to purchase the evacuation of the downtown area. Another dam in North Carolina was on the brink of failure. Before moving north through Georgia and into Tennessee and the Carolinas, Helene struck Florida's Huge Bend region as a. effective Classification...