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<ul><li>Polar vortex likely behind the increase in <keyword id="517049" type="PERSON" weightage="20" keywordseo="western-disturbances">western disturbances</keyword>, which is behind the cold weather in North India. </li><li>Many parts in the Himalayas have seen one of the heaviest snowfall episodes in the past few days. </li><li>More western disturbances expected until Mid-February.</li></ul>A combination of prolonged western disturbances and polar vortex, a phenomenon that is pushing Arctic winds downwards, may be behind the unusually cold winter season in North India, say weather experts. Many parts in the Himalayas have seen one of the heaviest snowfall episodes in the past few years. Its effect is being felt across North India and even in the southern states of Maharashtra and Telangana, which have seen colder temperatures. Temperatures dipped below zero in some parts of Rajasthan, which is only the fourth time in the last decade that has been seen, said Mahesh Palawat, vice president of Meteorology and Climate Change at Skymet. “Until February, we expect more active western disturbances,” said Palawat, adding that will likely result in an extended winter in North India. India has already seen six instances of western disturbances so far, increasing both in frequency and intensity, noted Palawat. Western disturbances are caused due to winds travelling from West to East and usually travel in the “upper latitudes” over Kazakhstan and Russia. This year, these disturbances -- usually seen during winter months -- have been pushed south because of the polar vortex currently sweeping North America and Europe. A polar vortex is a narrow band of freezing air which rotates in an anti-clockwise direction during the winters on the North Pole. It can expand or break when it encounters a temperature difference, which pushes down icy winds towards North America and parts of Europe. This year, the pushing down of the polar vortex is in effect “transmitting the cold from Southern Europe to North India,” D Sivananda Pai, a senior official with India’s Meteorological Department (IMD) told <a href="https://timesofindia.indiatimes.com/india/arctic-cold-blast-impacting-north-indias-winter-met/articleshow/67748314.cms">Times of India.</a> 
 
	
 
 
 <div type="image" title="NOAA" msid="67755610" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;sup&amp;gt;BI Graphics/NOAA&amp;lt;/sup&amp;gt;&amp;lt;sup&amp;gt;&amp;lt;/sup&amp;gt;&amp;lt;/p&amp;gt;"></div>










BI Graphics/NOAA It is the first time since 2014 the world is seeing a polar vortex phenomenon, which many climate <a href="https://www.businessinsider.in/A-bomb-cyclone-and-polar-vortex-are-headed-for-the-East-Coast-heres-what-those-weather-terms-actually-mean/articleshow/62358915.cms">scientists say</a> could be linked to global warming. “Snowfall is expected across the western Himalayan region— J&amp;K, Himachal Pradesh and Uttarakhand and the Northern plains are likely to get rains with hail in some areas,” BP Yadav, an official of India’s Meteorological Department told Times of India. SEE ALSO: <a href="https://www.businessinsider.in/delhi-records-heavy-rains-temperature-dips-with-chilly-winds/articleshow/67635943.cms">Delhi records heavy rains, temperature dips with chilly winds</a> <a href="https://www.businessinsider.in/travelling-to-new-delhi-the-weather-is-biting-cold/articleshow/67552357.cms">Travelling to New Delhi? The weather is biting cold</a>

North India is as cold as Southern Europe now because of Arctic winds

<ul><li>Sea ice in the Arctic is melting faster than ever because of rising temperature and it may adversely affect the Indian monsoon rain pattern. </li><li>It has become difficult for new sea ice to make trans-arctic journey as only 20% of the ice could actually reach the Central Arctic. </li><li>The ice is 30% less thick than it was 15 years ago. </li></ul>The polar Arctic Zone — which has been melting from the past two centuries — has started melting dramatically because of rising temperatures that could adversely impact the India’s rain pattern and the seasonal monsoon, said a team of researchers ahead of a major expedition to explore the Arctic. The sea ice has been melting faster than ever and that could have a severe implication on major ocean currents linked to extreme weather events, said the researchers. In simple words, <keyword id="7508979" type="UNKNOWN" weightage="20" keywordseo="Ocean-current">ocean current</keyword>s helps to transport sea ice from one destination to another. Given the current situation, Transpolar Drift — a major ocean current that transports sea ice from the <keyword id="3974424" type="LOCATION" weightage="20" keywordseo="laptev-sea">Laptev Sea</keyword> and East Siberian Sea towards Fram Strait — will suffer, leading to major consequences across the world including India. It is also one of the dominant factors in determining weather patterns across the Northern Hemisphere, said the report. It has become increasingly difficult for new sea ice to make trans-arctic journey. Till 1990s, half the sea ice formed in the Arctic sea next to Russia was able to successfully travel without melting. However now, only 20% of the ice is able to reach the Central Arctic. In fact, 80% of the newly-formed sea ice melts as it is not thick as before. The thickness of the ice is 30% less than it was 15 years ago. This could result in emission of sea ice during summer in the Arctic, said the report. Separately, another study supports these findings. A recent study by the National Centre for Antarctic and Ocean Research revealed a direct relationship between <keyword id="6366055" type="UNKNOWN" weightage="20" keywordseo="global-warming">global warming</keyword> and the monsoons. “We noticed that there has been an increase in glacial melting driven by warming over the past two centuries. The Arctic witnessed a persistently increasing warming during the studied period with a particularly accelerated tone post-1970s,” reported Hindustan Times citing study. See also: <a href="https://www.businessinsider.in/polar-vortex-behind-cold-waves-in-north-india/articleshow/67755060.cms">North India is as cold as Southern Europe now because of Arctic winds</a> <a href="https://www.businessinsider.in/a-polar-vortex-is-engulfing-the-us-heres-what-that-really-means-and-why-these-events-might-be-getting-more-common-/articleshow/67748349.cms">A polar vortex is engulfing the US. Here's what that really means, and why these events might be getting more common</a>.

Rapid melting sea-ice in the Arctic may hamper India’s monsoon pattern: Study

After almost a decade, India’s capital, which witnesses rarely any rain in the month of February, was hit by a heavy hailstorm accompanied by rains, lashing several parts of Delhi-NCR on Thursday. The maximum temperature in New Delhi and adjoining areas remained at 19 degrees celsius on Thursday, four notches below the season's average "This is happening after at least a decade that heavy hailstorm occurred at several areas in Delhi and adjoining areas. Areas like Noida, Faridabad, Ghaziabad, Gurugram, and Palam received the maximum amount of hail and rains on Thursday evening, while central Delhi was lashed by heavy rains," Mahesh Palawat, Director at private weather agency Skymet, told IANS. Here are some recent pictures from Delhi-NCR - <div type="Slideshow" msid="67895339" hostid="261" title="In pics: Chilling pictures of climate change in India’s national capital" firstImageMsid="67895340" slideCount="5"></div>

In pics: Chilling pictures of climate change in India’s national capital

<ul><li>The drastic shifts in weather in US have affected demand for oil. </li><li>Refineries are using less crude oil than they did in the recent past. </li><li>Americans are driving less either due to the cold blast in Chicago or the heat wave in Florida</li></ul><keyword id="6354418" type="UNKNOWN" weightage="20" keywordseo="oil-prices">Oil prices</keyword> are rising after data on Wednesday showed that the rise in American inventories was slower than expected. Stocks gained by 1.3 million barrels in the week ended February 1, compared with analysts' expectations for an increase of 2.2 million barrels, according to the CNBC. However, there is a little detail in the data that may be as significant for oil prices. “Look at the refinery utilisation component of the EIA data today. That’s relatively weak compared to the last six weeks or so. That’s actually showing less and less demand at the refinery site,” Bob Iaccino, Path Trading Partners <a href="https://www.youtube.com/watch?v=i5jSrYya-MI">told</a> Bloomberg TV on February 6. Refinery utilisation is the amount of crude oil consumed by refineries to produce the final output, and according to the latest data refineries are using less crude oil than they were in the recent past. “Part of it is the <keyword id="2002583" type="PERSON" weightage="20" keywordseo="polar-vortex">polar vortex</keyword>. 250 million Americans were affected by the cold blast. People in Florida were not driving their cars in 50 degree weather. Anecdotally, it affected much more of the country… We are seeing that in refinery utilisation, we are going to see it in gasoline inventories in the coming weeks,” Iaccino added. The term <a href="http://glossary.ametsoc.org/wiki/Polar_vortex">polar vortex</a> describes the <a href="https://www.noaa.gov/infographic/science-behind-polar-vortex">mass of low-pressure cold air</a> that circulates in the stratosphere above the North Pole. But sometimes the circulation of the polar vortex weakens, causing surges of frigid air to splinter off and drift south. Americans consume more oil than anyone in the world. And if unpredictable weather is keeping them from driving cars, that will certainly affect how oil prices move. It is bad news for oil exporting countries like Saudi Arabia and Russia, and good news net importers like India, which buys nearly 80% of all the crude oil it needs from abroad. See also: <a href="https://www.businessinsider.in/polar-vortex-behind-cold-waves-in-north-india/articleshow/67755060.cms">North India Is As Cold As Southern Europe Now Because Of Arctic Winds</a> <a href="https://www.businessinsider.in/next-global-recession-may-be-just-two-years-awayand-india-should-be-worried/articleshow/67535452.cms">Next global recession may be just two years away—and India should be worried</a>

The polar vortex may be affecting oil prices

<ul><li>Two-thirds of the Himalayan glaciers — that constitute Mount Everest— will melt by the year 2100 if the rise in temperature continues at the same pace. </li><li>Even if governments try to control the rising temperature, it would still lead to the melting of at least one-third of Himalayan glaciers. </li><li>The Himalayan region has witnessed a surge in temperature by two degrees Fahrenheit since the 20th century. </li><li>The life of approximately two billion people is dependent on the future of these mountains. </li></ul>Global warming has put the Hindu Kush mountain range of the Himalayas — home to <keyword id="14834" type="LOCATION" weightage="20" keywordseo="Mount-Everest">Mount Everest</keyword> — at utmost risk with most of its glacier cover expected to melt in less than eight decades, a recent report by the Nepal-based inter-governmental research organisation, International Centre for Integrated Mountain Development (ICIMOD) has warned. According to the report, <a href="https://link.springer.com/book/10.1007%2F978-3-319-92288-1">the Hindu Kush Himalaya Assessment</a>, two-thirds of the glaciers in the region will melt by the year 2100 if the temperature continues to increase at the current pace. In fact, one-third of the Himalayan glacier will melt by 2100 even if the global efforts are undertaken to meet the 2015 Paris agreement targets of limiting global temperature rise of 1.5 degrees Celsius. The Hindu Kush Himalayan region, which includes Mount Everest and K2, stretches over 2,000 miles across Asia, from Afghanistan to Myanmar. It has witnessed a surge in temperature by two degrees fahrenheit since the 20th century, noted the report. The melting of glaciers will have a direct impact on the flow of Asian rivers including the Ganges and the Indus. It could lead to increased water levels in the major rivers that could result in floods, affecting agricultural resources of billions of people in India, China, and six other countries. The life of approximately two billion people is dependent on the future of these mountains, estimates the report. A water crisis awaits Access to water is already a great concern for people living in mountains in India, the changes in global warming could also result in a water crisis. Presently, the Hindu Kush Himalayan Region is a water resource for around a third of the world’s population, according to the report. Last year, some of the residents of the Indian city of Shimla, the capital of <keyword id="6358126" type="LOCATION" weightage="20" keywordseo="Himachal-Pradesh">Himachal Pradesh</keyword> and a famous tourist destination<a href="https://www.nytimes.com/2018/06/17/world/asia/shimla-india-drought-water.html?module=inline"> asked visitors to not to visit the hill station</a> because the water supply in the city dropped to dangerously low “<a href="http://www.niti.gov.in/writereaddata/files/document_publication/2018-05-18-Water-index-Report_vS6B.pdf">India is suffering from the worst water crisis</a> in its history and millions of lives and livelihoods are under threat”, said a government report released in 2018. Presently, 600 million people are facing <keyword id="68552" type="PERSON" weightage="20" keywordseo="water-scarcity">water scarcity</keyword> and over 200,000 people are dying every year due to inadequate water resources. See also: <a href="https://www.businessinsider.in/North-India-is-as-cold-as-Southern-Europe-now-because-of-Arctic-winds/articleshow/67755060.cms">North India is as cold as Southern Europe now because of Arctic winds</a> <a href="https://www.businessinsider.in/the-us-is-suffering-through-a-polar-vortex-paradoxically-we-may-have-global-warming-to-thank-for-that-/articleshow/67782406.cms">The US is suffering through a polar vortex. Paradoxically, we may have global warming to thank for that.</a>

Most of the glaciers of the Himalayan mountain range surrounding Mount Everest will melt by the end of the 21st century: Report

<div class="KonaFilter image-container float_right"><div class="image"><a href="http://video.cnbc.com/gallery/?video=3000191152">CNBC</a>Dave Lutz</div></div>Dave Lutz of Stifel Nicolaus has a roundup of what traders are chatting about ahead of the U.S. market open:
Good Morning! US Futures have been steadily sliding lower, and now rest off about 40bp as VIX trading accelerates (March Contract up 2% right now) - Main area of angst seems to be Ukraine, with the CDS popping 10% as Russia offers "no comment" on when they will release the next tranche of a pre-arranged $15B bailout. Contagion is pressing Russia's Ruble on record lows against the €, and can be seen in the weaker FX of Turkey, Hungary and South Africa as well. Eyes should remain on Brazil, who's equity market seems to be a favorite target of EM short selling right now. EU markets are lower, with the DAX off 75bp in very light trading (20% below normal trends) - EU fins are off 1% as the Fed's Capital Rules sparking profit-taking, and we are seeing some weakness in the PIIGS debt. In Asia, the Nikkei lost 50bp, but futures are off another 75bp as the $-Yen has given up all of the BOJ's induced gains from yesterday. China's market managed a 1% bounce, breaking upside of the 200dma in heavy volumes. Aussie's market bounced small, but the Miners are finally seeing profittaking, with the space off almost 1%. Keep an eye on the Retail group here in the US, as CAGNY continues, and the XRT (Retail ETF) is in a battle with the 200dma, and Homebuilders, as much negative sentiment is built up into the Housing Starts and Permits number this AM.
The 10YY is breaking lower, as we await the Fed Minutes - Traders will be interested to see if the Fed has been discounting the impact on activity from the "polar vortex". The DXY is higher, with the $ making gains against both € and Yen - causing a slight headwind for commodities. Gold is weaker despite headlines India preparing to cut the Import Tax on the metal, while Energy's tailwinds remain. Nat gas is surging another 7% this AM as traders scramble for March paper on collapsing supplies - WTI on YTD peaks into API data tonight, and Brent buoyed by Geopolitical factors in Libya, South Sudan, and Syria. A lot of eyes are on Coffee, after the biggest surge in 10+ years yesterday due to Brazil's drought - it is adding another 1% this AM, and has gained almost 40% in the last week. Scheduled Catalysts today include PPI, as well as Housing Starts and Permits for January at 8:30, a Small POMO at 11, Fed's Lockhart Speaks at 12:15, Fed's Bullard Speaks at 1, and at 2pm the Fed Releases Minutes from Jan 28-29 FOMC Meeting. After the close we get API data for the Crude Complex, and Fed's Williams Speaks on the Economy in New York at 7pm tonight.

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North India is as cold as Southern Europe now because of Arctic winds

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Rapid melting sea-ice in the Arctic may hamper India’s monsoon pattern: Study

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In pics: Chilling pictures of climate change in India’s national capital

BI India Bureau

The polar vortex may be affecting oil prices

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Most of the glaciers of the Himalayan mountain range surrounding Mount Everest will melt by the end of the 21st century: Report

BI India Bureau

Here's A 10-Second Guide To What Traders Are Chatting About Right Now

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