Hurricane Matthew's Troubling Path for Oil Market

The video discusses Hurricane Matthew's projected path from Cuba to the East Coast, potentially impacting areas like the Carolinas, Washington, and New York. It highlights the risk to oil tankers positioned along the Gulf of Mexico and the East Coast, particularly in DC and New York. The hurricane could disrupt these tankers and oil storage units, especially the 33 million barrels in the Bahamas, affecting Caribbean shipping and fuel shipments to the US East Coast. This situation presents a significant challenge for oil logistics in the coming days.

What is the expected path of Hurricane Matthew as it moves from Cuba?

• It will move towards the West Coast.

• It will head towards the Carolinas and then up to Washington and New York.

• It will move south towards Central America.

• It will stay stationary over the Gulf of Mexico.

Which areas are oil tankers positioned that are most at risk from Hurricane Matthew?

• DC and New York

• Florida and Georgia

• Texas and Louisiana

• California and Oregon

How many barrels of oil storage in the Bahamas could be affected by the hurricane?

• 10 million barrels

• 33 million barrels

• 50 million barrels

• 75 million barrels

What is the potential impact on Caribbean shipping due to the hurricane?

• Increased shipping rates

• Decrease in shipping demand

• Expansion of shipping lanes

• Disruption of shipping routes

What is the 'double whammy' mentioned in the context of the hurricane's impact?

• Tornadoes and hailstorms

• Hurricane and earthquake

• Flooding and power outages

• Oil tanker disruption and fuel shipment concerns