CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Forecasters Project Above-Normal US Hurricane Season

OIL
Energy BulletsHomepagemarkets-real-timeBulletCommodities

Forecasters at the US National Oceanic and Atmospheric Administration are warning of an above-normal Atlantic hurricane season, with as many as 13 hurricanes - seven of which they say could become major storms.

  • The predictions have been issued with 85% certainty.
  • “The upcoming Atlantic hurricane season is expected to have above-normal activity due to a confluence of factors, including near-record warm ocean temperatures in the Atlantic Ocean, development of La Niña conditions in the Pacific, reduced Atlantic trade winds and less wind shear, all of which tend to favor tropical storm formation,” NOAA said in a statement posted to its website.
  • Colorado State University’s Tropical Meteorology Project, said in April as many as 23 named storms could form this seaosn, of which they said 11 could become hurricanes – five of which could become Category 3 or higher.
138 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Forecasters at the US National Oceanic and Atmospheric Administration are warning of an above-normal Atlantic hurricane season, with as many as 13 hurricanes - seven of which they say could become major storms.

  • The predictions have been issued with 85% certainty.
  • “The upcoming Atlantic hurricane season is expected to have above-normal activity due to a confluence of factors, including near-record warm ocean temperatures in the Atlantic Ocean, development of La Niña conditions in the Pacific, reduced Atlantic trade winds and less wind shear, all of which tend to favor tropical storm formation,” NOAA said in a statement posted to its website.
  • Colorado State University’s Tropical Meteorology Project, said in April as many as 23 named storms could form this seaosn, of which they said 11 could become hurricanes – five of which could become Category 3 or higher.