How Hurricanes Can Impact the Energy Sector
July 23, 2024 at 07:00 AM EDT
Summary Hurricanes in the Gulf of Mexico can interrupt offshore energy production, which can be supportive for oil prices. Midstream infrastructure like export facilities, offshore pipelines, and pipelines servicing refineries can see reduced volumes around hurricanes. Refineries may shut down or reduce rates during hurricanes, which can lead to higher gasoline and diesel prices and [...] The post How Hurricanes Can Impact the Energy Sector appeared first on ETF Trends .
