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Cold winter forecast strains heating fuel and gas supplies
A government energy report warns of a potentially difficult winter as three mild winters give way to a long cold spell. Emergency oil from a reserve could ease shortages, with 3 to 5 million barrels more heating oil and diesel expected, though some interruptible industrial customers may face higher prices and limited access. Distillate stocks stay well below year ago levels along the East Coast, while natural gas stocks lag five year averages.
MENTIONED IN THIS ARTICLE
Mazur
Department
Energy Information Administration
Strategic Petroleum Reserve
ESA
Adam Sieminski
Deutsche Bank Securities