Goldman Sachs Forecasts Potential Upside for Refining Margins Due to Active Hurricane Season

Wednesday, 10 July 2024, 00:05

Goldman Sachs anticipates an active hurricane season, which could lead to increased volatility in refining margins. Despite the minimal impact of Hurricane Beryl on energy facilities, the prospect of severe upcoming storms presents upside risks for the refining sector. This forecast highlights the importance of monitoring weather patterns and their potential impact on the energy market, especially considering the ongoing challenges faced by the oil and gas industry.

Seeking Alpha — Goldman Sachs Forecasts Potential Upside for Refining Margins Due to Active Hurricane Season

Goldman Predicts Boost in Refining Margins

Background:

Crude oil prices fell post-Hurricane Beryl
Expectations of an active hurricane season are on the rise

Forecast: Severe storms could lead to upside risks in refining sector

Importance: Weather patterns crucial for energy market stability

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Goldman Predicts Boost in Refining Margins

Background:

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