| A strong El Niño phenomenon this year is expected to increase the number of cyclones and typhoons in the Pacific and Indian oceans, leading to disruptions in energy and shipping markets.
The climatic event tends to dampen hurricane activity in the Atlantic, reducing the risk to US oil markets serviced by refineries in the Gulf of Mexico. However, the hurricane season in the Pacific is likely to affect crude oil and product supply chains, according to commodity brokers Marex Spectron...............................................Full Article: Source
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