US EditionExtreme winter storm threat sparks historic natural gas spike
Near-term U.S. natural gas futures have surged over 70% due to expected severe cold increasing heating demand, supply risks from freeze-offs, and rising LNG exports, experts said.
- Near-Term US natural gas futures surged more than 70% this week as severe winter warnings starting Friday from the National Weather Service sparked extreme price hikes, Bloomberg reported.
- Extreme cold will sharply raise household heating demand, cause freeze-offs disrupting pipeline flow and output at major gas hubs, while growing LNG exports reduce domestic supplies and tighten markets.
- Analysts say storage could plunge by the second-greatest amount on record, while Robert Yawger, commodity specialist at Mizuho Securities, called market volatility 'a wild animal.'
- Consumers face higher bills in the next cycle and months ahead, while White House spokesperson Taylor Rogers acknowledged energy affordability messaging risks from sustained high prices.
- EIA projections from Jan. 13 show natural gas costs falling this year but rising in 2027 as LNG exports and power demand outpace production, while traders say next week will be very challenging.
19 Articles
19 Articles
Gas prices spike ahead of major US storm
US natural gas prices rose 75% in three days as the country braced for a huge Arctic storm. Much of the East Coast and Midwest expect snow and sleet, with travel likely to be disrupted. Heavy snow and subzero temperatures in big cities will drive heating demand, and the cold will also hit Texas’ oil-and-gas fields, which could “wreak havoc on the power grid,” The Wall Street Journal reported. Washington ordered grid operators to use backup elect…
NBC Chicago
Natural gas prices soar more than 60% as winter storm approaches
Consumers can expect their energy bills to jump in the next billing cycle and even months down the road as a major winter storm brews across the country. The National Weather Service said “widespread heavy snow, sleet, and freezing rain” are expected in a large part of the country starting Friday and carrying through the weekend. Disruptive winter weather, like what many U.S. households are about to experience, can send bills immediately jumping…
Severe winter weather warnings have driven extreme price increases in the notoriously volatile natural gas market.
Roundup: Winter storm / Trump sues banking giant / Natural gas disruption
The latest: Icing impacts in south Louisiana are expected to be localized, but all areas should prepare for a hard freeze and bitter cold early next week. A winter storm watch covers parts of metro Baton Rouge and areas north and west, with freezing rain possible, especially late Sunday as Arctic air moves in. Read more from WAFB-TV. JPMorgan Chase: President Donald Trump sued banking giant JPMorgan Chase and its CEO, Jamie Dimon, for $5 billio…
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