Tropical storm in the Gulf of Mexico

Named Dolly (AL052014 is the formal ID), it shouldn’t cause too much trouble.  It is headed towards the central Mexican coast.  The biggest issue is likely to be flash flooding as the storm moves inland.  We didn’t show any significant impacts on the PEMEX (the Mexican national oil company) operations in the Gulf, or forecast any impact of US offshore production, although two of the PEMEX oil export terminals have been closed due to the storm.  They should reopen in a day or so, with very minimal if any damage.  Supplies are in good shape so this short term disruption should not cause any real price fluctuations.

dolly_taru_mon

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