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Hurricane Maria to Weaken to Tropical Storm on Tuesday, Approaching North Carolina

Oil

Hurricane Maria, now a category 1 storm, continues to weaken and will likely become a tropical storm Tuesday night, according to the National Hurricane Centre. The hurricane continued moving northward over the Atlantic Ocean, after demolishing Puerto Rico, leaving a mounting death toll and the vast majority of the state with no power. At present, Buckey Partners LP'S Yabucoa oil terminal in Puerto Rico remains closed, Reuters reports. A larger terminal operated by U.S. NuStar Energy LP on the island of St Eustatius with capacity up to 13.03M barrels, which was previously shut down due to Hurricane Irma, is still unable to reopen due to Hurricane Maria. Furthermore, there are restrictions to load and discharge large vessels in several Texas ports. Hurricane Maria is currently located around 300 miles southeast of North Carolina and heavy rains and storm surge could affect the state over the next 24 hours.