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Industrial Sector Gas Demand Hits 8-month High as Hurricane Season Winds Down

Los precios del crudo Brent tocaron un nuevo mínimo de 11 años el jueves, debido a que renovadas preocupaciones sobre la economía de China se sumaron a un enorme exceso de suministros, a una producción cercana a niveles récord y a una desaceleración de la demanda que ya ha hundido al barril. En la imagen, un trabajador en una gasolinera de Bangkok, Tailandia, el 5 de enero de 2016. REUTERS/Athit Perawongmetha

New York — US industrial gas demand this month has edged up to its highest since late March as the sector recovers from a battering taken during this hurricane season and from a still ongoing coronavirus pandemic.

Despite the single-day milestone, industrial activity still has significant ground to recover after this year’s dual setbacks. Month-to-date, gas demand from US industry has averaged 22.5 Bcf/d – about 2 Bcf/d, or 8%, below its year-ago level, data compiled by S&P Global Platts Analytics shows.

Rising industrial demand has been fueled in part by a surge in industrial activity across the US Southeast where chemicals facilities and refineries are ramping up activity as this year’s record hurricane season winds down. Read more…..

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