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.
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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.
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.
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.
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.
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