• BREAKING: U.S. EIA reported a 237 Bcf withdrawal from natural gas storage inventories for the week ending Feb. 12
  • Texas governor bans natural gas sales outside of state lines
  • Texas, Oklahoma cash prices still strong amid frigid temperatures, blackouts
  • Nymex futures rally further as long-term impacts of energy crisis still unclear

The fallout of the prolonged Arctic freeze that’s draped over the central United States and into Texas is still unfolding, with a temporary ban on gas exports out of the Lone Star State the latest development in the ongoing crisis.

storage Feb. 12

Hours before the surprising announcement, steep decreases in production and large swings in demand fueled Nymex gas futures prices for a second day. Facing what potentially could be the largest storage withdrawal of the...