Energy · 7 views
Super El Niño May Soften Winter Energy Squeeze
UBS meteorologist James Block expects a mild winter as the strongest El Niño since the 1950s cuts heating demand, though black swan storms remain a risk.
Summary
We extensively covered the unusually strong El Niño, its weather impacts by region, and the risks this adverse weather poses to crop production and global food inflation. UBS's energy team hosted a call Tuesday with meteorologist James Block to assess El Niño impacts for weather markets.
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