Highlights Outlook sees up to 15 named storms, eight hurricanes Rising US oil, gas exports add to energy sector risks Demand destruction remains top power concern Washington — The US National Oceanic and Atmospheric Administration predicts four to eight hurricanes will develop during this year’s Atlantic hurricane season, including two to four major storms with winds above 111 mph. Tropical storms and hurricanes pose an annual threat to energy and shipping infrastructure along the US Gulf and Atlantic coasts. As the US becomes a larger oil and gas exporter, the storms pose new risks to global flows, on top of the usual risks to domestic US power demand and fuel supplies. NOAA sees a 40% probability of “near-normal” tropical storm activity during the season, which runs June 1 to November 30. The outlook found a 30% chance […]