Tropical Storm Barry is heading towards the Louisiana coast with the potential to dump as much as 2 feet of rain on the region. The storm is not expected to deliver especially damaging winds, but the rainfall could have a significant impact on the U.S. oil and gas industry.
Offshore oil production, refineries and transportation may be impacted for days or even weeks to come. Here’s a look at what traders and consumers can expect:
Barry will likely become the first hurricane of the season to impact the American energy industry, but it’s only mid-July.