Gulf Storm Threat Could Put 3 Million Bpd of Refining Capacity at Risk

AI Summary

A developing tropical disturbance in the Atlantic has a rising chance of becoming a storm and threatening the Gulf Coast. Strong winds, flooding, storm surge, and tornadoes could put up to 3 million barrels per day of regional refining capacity at risk, from Louisiana to Florida.

The climatological peak of the Atlantic hurricane season was in mid-September, and so far, the season has been very quiet as El Niño wind shear breaks apart tropical disturbances in the Atlantic Basin. On Monday morning, the National Hurricane Center gave the tropical disturbance a 70% chance of development over the next seven days, up from 50%. "A tropical disturbance could threaten states along the Gulf Coast next weekend, bringing the potential for strong winds, inland flooding, storm surge, and tornadoes from Louisiana to Florida. Timing,…