The Atlantic basin will see the most named storms since the 2012season, the year Sandy crippled the U.S. East Coast, with five toeight of those strengthening into hurricanes by Nov. 30, theNational Oceanic and Atmospheric Administration said.
NOAA increased its outlook to 12 to 17 named storms with windsof at least 39 miles (63 kilometers) per hour in thetropical Atlantic after the end of El Nino, which can produce windsthat damage systems, according to an updated forecast releasedThursday. Two to four storms could grow into major hurricanes withwinds of at least 111 miles per hour.
Atlantic storms can threaten the Gulf of Mexico, where about 5%of the U.S. marketed natural gas production is produced along with17% of crude oil, according to the Energy InformationAdministration. The Gulf region also is home to more than 45% ofpetroleum refining capacity and 51% of gas processing.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
