Winter Storm Is Freezing Pipes and Hammering Natural Gas Output
(Bloomberg) -- US natural gas production suffered its biggest one-day drop in more than a decade on Friday as the massive winter storm battering much of North America froze liquids in pipes and forced wells to shut down.
Supplies across the Lower-48 states shrank by nearly 10 billion cubic feet, or roughly 10%, from the previous day as temperatures across key producing areas including in top supplier Texas fell below freezing, according to BloombergNEF data.
Meanwhile, domestic demand surged to the highest daily level since early 2019. Early pipeline nominations tracked by BNEF indicate that gas supplies may start to rebound Saturday while still trailing normal levels.
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news
Oil Edges Higher Ahead of US Inflation Figures and OPEC Report
Oil Slips as Glut Outlook Outweighs Optimism on China Stimulus
Oil Edges Higher as Traders Weigh Fallout From Syrian Upheaval
China’s Solar Industry Looks to OPEC for Guide to Survival
Five Key Charts to Watch in Global Commodity Markets This Week
Oil Steadies as OPEC+ Opts Again to Delay Plan to Restore Output
NMDC LTS to acquire 70% equity stake in Emdad
Oil Holds Drop as OPEC+ Decision on Supply Takes the Spotlight
Shell and Equinor to create the UK’s largest independent oil and gas company
