Atlantic hurricane season poses an annual threat to the billions of dollars of oil and gas hardware pumping hydrocarbons from the depths of the US Gulf of Mexico (GOM). The region’s offshore production amounts to about 1.8 million B/D—roughly 14% of the total crude output in the US, according to the US Energy Information Administration, so any disruption is felt by oil markets across the globe.
Prior to the 2024 hurricane season, forecasters pegged this year as primed to be particularly intense. Colorado State University (CSU), known for its storm prognostication, estimated that the basin would experience 23 named storms, with a dozen of those becoming hurricanes (winds of 74 mph or higher), and six of those strengthening to major hurricanes (winds of 111 mph or higher). Similarly, AccuWeather meteorologists expect between 20 and 25 named storms with a possibility of 30 or more.
As the season enters its busy period, the basin has only experienced five named storms to date; however, many forecasters are sticking to their initial forecasts and continue to warn of an intense September/October period.
“The months of September and October should be very active across the Atlantic,” said AccuWeather lead hurricane expert Alex DaSilva. “We continue to remain very concerned about rapid intensification. Sea-surface temperatures and ocean heat content are near record levels across most of the Atlantic basin. This can act like jet fuel for tropical systems.
