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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.
ENERGY
NOAA predicts above-normal 2022 Atlantic Hurricane Season
- US National Oceanic and Atmospheric Administration (NOAA) predicted another above average hurricane season this year. This would be the 7th consecutive above average season (1 June to 30 Nov).
- The forecast is based on ongoing La Niña, above-average Atlantic temperatures, weaker tropical trade winds and an enhanced west African monsoon.
- NOAA predicts a 65% chance of an above-normal season, a 25% chance of a near-normal season and a 10% chance of a below-normal season.
- They are predicting, with 70% confidence, 14 to 21 named storms of which 6 to 10 could become hurricanes and 3 to 6 major hurricanes.
- Atlantic hurricanes are a risk for Gulf of Mexico production and Gulf Coast refining. The area has 14% of US crude production and 1.8% of gas production, as well as 45% of US refining capacity and 51% of gas-processing capacity.
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.
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