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Winter Is Colder This Year and That’s Good for Energy Prices Bloomberg 1/6/2021 Bloomberg News (Bloomberg) Freezing weather that’s gripped large parts of the northern hemisphere is delivering a winter blessing for oil, gas and coal prices as suppliers meet a surge in heating demand. Popular Searches Temperatures across much of Europe and Asia are well below normal and forecasters expect them to stay there for most of January. The chill is supporting oil prices, which are holding above $50 a barrel, while the profit from turning crude into diesel climbed in Europe to the most since August in recent weeks as consumers many stuck working from home because of a resurgent virus burn more heating fuel. ....
Freezing weather that s gripped large parts of the northern hemisphere is delivering a winter blessing for oil, gas and coal prices. (Bloomberg) Freezing weather that’s gripped large parts of the northern hemisphere is delivering a winter blessing for oil, gas and coal prices as suppliers meet a surge in heating demand. Temperatures across much of Europe and Asia are well below normal and forecasters expect them to stay there for most of January. The chill is supporting oil prices, which are holding above $50 a barrel, while the profit from turning crude into diesel climbed in Europe to the most since August in recent weeks as consumers many stuck working from home because of a resurgent virus burn more heating fuel. ....
Colder than usual winter boosts fossil fuel demand 1/6/2021 (Bloomberg) Freezing weather thatâs gripped large parts of the northern hemisphere is delivering a winter blessing for oil, gas and coal prices as suppliers meet a surge in heating demand. Temperatures across much of Europe and Asia are well below normal and forecasters expect them to stay there for most of January. The chill is supporting oil prices, which are holding above $50 a barrel, while the profit from turning crude into diesel climbed in Europe to the most since August in recent weeks as consumers many stuck working from home because of a resurgent virus burn more heating fuel. ....