Natural gas futures soared above $5 in the U.S. as forecasts showed a deep freeze returning in mid-February after this week’s cold blast, intensifying concerns about tight supplies of the heating and power-plant fuel.
Gas supplies in Oklahoma, the Texas Panhandle and Arkansas tumbled 22% Wednesday from a day earlier as frozen pipelines limit the flow of fuel, data from BloombergNEF show. After a brief reprieve, colder-than-normal weather may descend from Texas to Maine Feb. 12 through Feb. 16, according to Commodity Weather Group LLC.
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February 02, 2022 at 11:52PM
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U.S. Natural Gas Surges With Bone-Chilling Weather Set to Return - Bloomberg
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