The devastating winter storm that has battered most of the US over the past two days has sent the country’s natural-gas production plummeting by nearly 10%.
This marks the largest one-day drop in more than ten years, Bloomberg reported on Saturday.
In terms of volume, the plunge amounted to 2.8 million cubic meters compared to the previous day as temperatures across key producing areas dropped below freezing, according to BloombergNEF data.
At the same time, domestic demand reportedly soared to its highest daily level since early 2019.