U.S. Winter Freeze Curtails Gas Output by Up to 25 Bcfd, Lifting Energy Markets

U.S. natural gas production has been hit hard by severe winter weather, with consultancy Rystad Energy estimating temporary output losses of up to 25 billion cubic feet per day across key basins. The firm, which monitors around 82 Bcfd of interstate pipeline flows, reports an initial 2 Bcfd decline from the Bakken, Rockies, and Mid-Continent, followed by a sharper 12 Bcfd reduction primarily from the Permian and Gulf Coast regions, while Appalachia has seen comparatively modest disruptions. These curtailments, including additional volumes likely affected on intrastate systems in the Permian and Haynesville, are helping to tighten the U.S. gas balance and may influence both domestic benchmark prices for Natural Gas (CM:NG) and broader sentiment in the energy complex, including Oil – US Crude (CM:CL).

Over the past month, CM:NG has rallied about 21.06%, reflecting heightened weather-driven demand expectations and supply risks from freeze-offs and operational constraints, and its 1-day technical outlook is currently signaling a potential continuation of this momentum with a Buy indication. CM:CL has gained roughly 8.18% over the same period, supported by a combination of stronger risk sentiment and spillover from gas market tightness that can alter fuel-switching economics, with its short-term technical picture also pointing to a bullish bias, as the 1-day signal stands at Buy. Investors can explore more updates, prices, and analysis across global markets at Commodities.