Energy demand to receive a work-from-home boost this winter
“Get yours before they go,” says the headline on a home improvement article dedicated to the hottest housing trends. The must-have item? A patio heater. With winter in the northern hemisphere fast approaching, the Covid-19 pandemic is prompting families to buy outdoor heaters. Restaurants and bars are also snapping them up to provide al fresco dining and drinking, while Google searches for “patio heating” have jumped to a record high. These heaters rely on electricity or liquefied petroleum gas, like propane. Residential energy demand is set to increase in the coming months as millions of people in Europe, Asia and North America spend more time at home — either working, studying or relaxing on their patios. For more on this story visit beaumontenterprise.
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Are LNG Prices About To Head Higher?
Weather forecasters are predicting a harsh winter for Asia, and while this would hardly be good news for anyone in the region, it happens to be great news for LNG exporters. Producers of liquefied natural gas were hammered no less mercilessly by the coronavirus pandemic than their oil-producing peers. On top of that, the LNG market was already oversupplied—just like the oil market—when the coronavirus began its global march. As a result, prices for the so-called bridge fuel slumped to about $2 per million British thermal units, making a lot of LNG non-competitive and leading to delays in several final investment decisions in the United States. For more on this story visit oilprice.com or https://bit.ly/37agxf0