Mild Start to Winter Could Limit Europe's Impending Energy Shock [Financial Post (Toronto, Ontario, Canada)]
Maxar Technologies Inc. (MAXR)
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Source: Financial Post
(Bloomberg) — European households fretting over turning on the heating and governments worried about running out of gas may take some solace from weather forecasts: the start of winter looks mild. Above-normal temperatures are projected in Europe in October, when the heating season usually starts, according to early long-range forecasts by Maxar Technologies LLC and Marex. The preliminary outlook is a bit of good news for economies, consumers and industries hurting over spiraling energy costs, with the crisis expected to only worsen during peak winter demand. A balmy October could curb usage and give more time to refill gas inventories that will be critical as the months turn colder. Europe’s energy crunch has led to many households struggling to pay bills and the threat of winter blackouts. Prices are near a record high amid Russian gas-flow cuts, while summer heat waves have boosted cooling demand and lowered water levels on the key Rhine River, disrupting the movement of energy
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