May 23, 2024 14:54 GMT
Atlantic Set for Up to 25 Named Storms in 2024: NOAA
OIL
US forecasters predict 17-25 named storms during the six-month Atlantic Hurricane season starting June. 1, according to the NOAA, cited by Bloomberg.
- 8-13 could become hurricanes with 4-7 major systems expected to produce winds above 111mph.
- An average hurricane system produces 14 named storms.
- A busy hurricane system could be disruptive for flows from the USGC, a key oil export and refinery hub.
- Should the storms move into the Gulf of Mexico, it could also impact some offshore production.
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