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Hurricane Milton Showing Little Impact for Gulf Production

ENERGY
Energy BulletsBulletPower BulletsStoryCommodities

Hurricane Milton is intensifying as it heads towards Florida on Monday.

  • The center of the storm was located about 750 miles west-southwest of Tampa, Florida early Monday. It is set to approach the coast of Florida by Wednesday.
  • The impact on energy appears to be limited. BP said earlier it was "closely monitoring Hurricane Milton to protect our people and operations in the deepwater Gulf of Mexico” but “currently does not expect major impacts to its offshore facilities in the Gulf of Mexico"
  • The storm could cause power outages in Florida, potentially lowering demand for natural gas
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Hurricane Milton is intensifying as it heads towards Florida on Monday.

  • The center of the storm was located about 750 miles west-southwest of Tampa, Florida early Monday. It is set to approach the coast of Florida by Wednesday.
  • The impact on energy appears to be limited. BP said earlier it was "closely monitoring Hurricane Milton to protect our people and operations in the deepwater Gulf of Mexico” but “currently does not expect major impacts to its offshore facilities in the Gulf of Mexico"
  • The storm could cause power outages in Florida, potentially lowering demand for natural gas