2023 Atlantic hurricane season forecasts 20-25 named storms, raising concerns for US oil and gas industry due to potential production outages.
2023 Atlantic hurricane season may be intense, with 20-25 named storms and a possible 30+. This raises concerns for the US oil and natural gas industry due to potential weather-related production outages. Hurricanes can disrupt petroleum markets by impacting crude oil production and refineries in the Southeast (PADD 1C) and US Gulf Coast (PADD 3), affecting 14% of US crude oil production in the Federal Offshore Gulf of Mexico.
May 28, 2024
3 Articles