El Nino has helped produce an unusually mild autumn and start to winter across the United States, sharply cutting the demand for heating and worsening the glut in supplies of natural gas and heating oil. Warm weather and surging energy production have pushed heating oil prices down to the lowest level since 2004 and natural gas prices to the lowest since 1999. El Nino’s lingering effects and continued oversupply could keep prices for both fuels under pressure for some time, with the weather impacts persisting well into 2016. According to the U.S. National Oceanic and Atmospheric Administration (NOAA), heating demand has been 23 percent lower than normal so far during the current heating season, which […]