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
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Team Legacy Research
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16 pages
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The Oily Rag
- Published:
10 Nov 2017 -
Author:
Team Legacy 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