Weather Threats Are Bearing Down on North American Oil
With the global market precariously balanced, any prolonged disruption risks driving prices higher.
A marina ahead of Storm Beryl’s arrival in Corpus Christi, Texas.
Photographer: MARK FELIX/AFP via Getty Images
Welcome to our guide to the energy and commodities powering the global economy. Today, North America oil reporter Devika Krishna Kumar looks at the risks to the market from increasingly extreme weather events. To get this newsletter in your inbox, sign up here.
Oil markets just got a double whammy of weather, thanks to wildfires and a major hurricane in North America. The battering sets the stage for a volatile summer.