Electricity Demand for Heating Down 6% Nationwide in 2015 Above-average winter temperatures caused by a strong El Nino pushed total U.S. heating degree days (HDD) to their lowest point in at least the last eight years. Fewer cold days meant less demand for heating fuels like propane and heating oil, which saw demand decrease by 16% and 45%, respectively, while
Oil markets are still adjusting to levels of oversupply, but the demand imbalance has become an old hat of sorts for the natural gas industry. El Nino is unlikely to do the gas market any favors in the upcoming winter season. Natural gas inventories are nearing five year highs, as evidenced by EnerCom’s Natural Gas Roundup inventory report, and the
NOAA forecasts 80% chance that a strong El Nino will last through the end of the year One of the strongest El Nino cycles in almost two decades is likely to persist through fall and possibly winter, according to both U.S. and Australian government meteorologists. An El Nino cycle will likely mean warmer than normal temperatures for the northern United
