We discuss the impact of this year’s hurricane season on the US and global markets. We are of the view that the market needs to factor in the potential impact on the oil price of annual disruptions to US production during the hurricane season. The impact of the hurricane season has historically only resulted in mainly offshore production being shut in. However, as climate change accelerates, hurricanes in the Gulf of Mexico now have more energy and can reach landfall. As a result, dense

10 Nov 2017
The Oily Rag
Chariot Limited (CHAR:LON), 1.6 | Parkmead Group PLC (PMG:LON), 14.8 | Falcon Oil & Gas Ltd. (FOG:LON), 5.8

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The Oily Rag
Chariot Limited (CHAR:LON), 1.6 | Parkmead Group PLC (PMG:LON), 14.8 | Falcon Oil & Gas Ltd. (FOG:LON), 5.8
- Published:
10 Nov 2017 -
Author:
Cavendish Research -
Pages:
16 -
We discuss the impact of this year’s hurricane season on the US and global markets. We are of the view that the market needs to factor in the potential impact on the oil price of annual disruptions to US production during the hurricane season. The impact of the hurricane season has historically only resulted in mainly offshore production being shut in. However, as climate change accelerates, hurricanes in the Gulf of Mexico now have more energy and can reach landfall. As a result, dense