Risks to production, refining, exports, ports NOAA predicts up to 21 named storms 2021 season was the third-most active US energy and commodity markets are set for another busy Atlantic hurricane season that poses risks to the Gulf Coast refining hub, offshore Gulf of Mexico oil and gas production, US electricity demand and fuel supplies. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The US National Oceanic and Atmospheric Administration sees a 65% probability of an above-normal season, with: 14-21 named storms; six-10 hurricanes with winds of 74 mph or higher, and three-six major hurricanes with winds 111 mph or higher Strong US oil and gas exports and the largest-ever release from the Strategic Petroleum Reserve pose new risks for energy flows this hurricane season, on top of the usual risks to electricity demand and domestic fuel supplies. NOAA attributed the expected increased activity to […]