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From Texas To Tokyo, Extreme Heat Is Now Threatening Global Fuel Supply - Vimarsana News

From Texas To Tokyo, Extreme Heat Is Now Threatening Global Fuel Supply

In addition to causing spikes in electricity demand as people fire up air conditioners, the scorching temperatures have led to a spate of disruptions at oil refineries.

Source: ndtv.com
Extreme heat fast becoming a threat to global fuel security - Vimarsana News

Extreme heat fast becoming a threat to global fuel security

As the world makes its efforts to lessen its dependency on fossil fuels, the rise in weather-driven refinery disruptions focuses on the surging array of challenges. The rising heat has led to refiners slash oil processing by nearly 2% globally in the past two months.

Extreme heat is fast becoming a threat to global fuel security - Vimarsana News

Extreme heat is fast becoming a threat to global fuel security

European crude processing dropped by 700,000 barrels a day over the summer from a year earlier, according to an estimate from industry consultant FGE - around 6 percent of regional throughput, based on figures from BP Plc’s latest Statistical Review of World Energy.

Extreme heat Is fast becoming a threat to global fuel security - Vimarsana News

Extreme heat Is fast becoming a threat to global fuel security

Searing temperatures from Texas to Tokyo over the summer are the latest reminder of a growing headache for the energy system, as extreme heat becomes a threat to fuel supply.

"No Plan B, No Excess Capacity Anywhere": Oil Industry Warns Of Looming Refining Crisis As "Dirty" China Grabs Market Share - Vimarsana News

"No Plan B, No Excess Capacity Anywhere": Oil Industry Warns Of Looming Refining Crisis As "Dirty" China Grabs Market Share

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero