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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Current price of oil as of June 11, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 11, 2026
Hurricanes

As if a pandemic weren’t bad enough, hurricane season could be a bad one

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
April 3, 2020, 11:00 AM ET

As the U.S. struggles to cope with the ongoing COVID-19 pandemic, scientists at Colorado State University are sending up a flare that this summer and fall could see hurricanes bring a different sort of crisis.

Researchers at the school are predicting an above-average level of activity this hurricane season, with 16 named storms. That’s four more than in a typical season.

Of those 16, say researchers, eight could become hurricanes—and four of those could reach major hurricane strength (hitting a category 3, 4, or 5 on the Saffir-Simpson scale). And there’s a 95% chance at least one will make landfall in the U.S. this year.

Hurricane season runs from June 1 to Nov. 30.

The 2020 hurricane season is exhibiting characteristics similar to those of 1960, 1966, 1980, 1996, and 2008, said officials. “1966, 1980, 1996, and 2008 had above-average Atlantic hurricane activity, while 1960 was a near-average hurricane season,” said Phil Klotzbach, research scientist in the Department of Atmospheric Science at Colorado State and lead author of the report.

If the prediction proves accurate, it will be the fifth consecutive year that hurricane season involves above-average activity. The 2019 season saw 18 named storms and 20 tropical cyclones, causing over $11 billion in damages. The year also saw two category 5 storms—Dorian and Lorenzo.

More must-read energy sector coverage from Fortune:

—The oil sector is quickly running out of storage for its unprecedented surplus
—The great African air conditioning boom is about to begin—and it could strain the planet
—The coronavirus fight could prove fatal to addressing climate change
—Business is finally starting to reckon with climate change

—Listen to Leadership Next, a Fortune podcast examining the evolving role of CEOs
—WATCH: PSEG CEO on climate change action: “It should have been done yesterday”

Subscribe to The Loop, a weekly look at the revolutions in energy, tech, and sustainability.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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