Increasing Exports Could be Derailed by a Streak of Storms

The hurricane season in the US has reached its peak, and with 3-hurricanes brewing in the Atlantic, petroleum imports and exports could be curtailed. US crude oil exports increased nearly 80% in the first half of 2018 year over year and set a new monthly record at 2.2 million barrels a day in June.  While price spikes can occur, especially on product prices such as gasoline and heating oil, the…