October 1, 2020

Market and Financial News Aggregator

Tropical Storm Sally to strengthen to hurricane, forecaster says By Reuters

2 min read

© Reuters. STORM-SALLY


HOUSTON (Reuters) – Louisiana and Mississippi residents were under evacuation orders on Monday as Tropical Storm Sally churned across the Gulf of Mexico and was strengthening to a hurricane, the U.S. National Hurricane Center said.

The second storm in less than a month to threaten the region, Sally is forecast to become a hurricane by late Monday and was headed toward a slow-motion landfall on the U.S. Gulf Coast, with winds of up to 85 miles per hour (137 km/h), the center said. Residents from Louisiana to Florida were told to expect heavy rains and high winds.

Mississippi and Louisiana issued mandatory evacuation orders to residents of low-lying areas, and Louisiana Governor John Bel Edwards appealed for a federal disaster declaration and advised people living in Sally’s path to flee.

Residents of southwest Louisiana are still clearing debris and tens of thousands of homes are without power after Hurricane Laura left a trail of destruction.

The U.S. Coast Guard was limiting traffic from port of New Orleans due to the storm and energy companies scrambled to pull workers from offshore oil and gas production platforms.

Chevron Corp (NYSE:) , Equinor and Murphy Oil Corp (NYSE:) shut in wells as a precaution, and refiner Phillips 66 (NYSE:) halted processing at its Alliance refinery on the Louisiana coast. Royal Dutch Shell (LON:) Plc cut production to minimum rates at its Norco, Louisiana, refinery

Sally is the fourth storm this year to affect production in the Gulf and the 18th named storm in the Atlantic.

At 7 a.m. CDT, Sally was 115 miles southeast of the mouth of the Mississippi River, packing winds of 65 miles per hour, according to the NHC.

It warned the storm’s advance would slow in the next two days, dumping 8- to 16-inches (20-40 cm) on the coast and causing widespread river flooding.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


2020-09-14 12:01:35

Read more from source here…

Leave a Reply