Extreme heat Is fast becoming a threat to global fuel security

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 all over the world. - Bloomberg

PHNOM PENH/SINGAPORE (Bloomberg): 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.

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. That’s helped keep US gasoline prices elevated and saw diesel cost increases easily outpace those for crude. This summer was particularly grueling: July was the world’s hottest month on record, following the hottest June.