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home / news releases / USOI - How Hurricanes Can Impact The Energy Sector


USOI - How Hurricanes Can Impact The Energy Sector

2024-07-24 08:00:00 ET

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 stronger refining margins for those that continue operating.

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For further details see:

How Hurricanes Can Impact The Energy Sector
Stock Information

Company Name: Credit Suisse X-Links Crude Oil Shares Covered Call ETN
Stock Symbol: USOI
Market: NASDAQ

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