Deep freeze sends natural gas soaring to record $600 in Oklahoma

Heating and power plant fuel traded for as much as $195 per mmBtu in Southern California

Natural gas
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If day-ahead electricity prices are any indication and the weather forecasts are even partly accurate, the run-up in energy prices isn’t over

Naureen S. Malik and Brian K. Sullivan | Bloomberg
The arctic freeze gripping the central US is set to intensify, putting further pressure on energy prices already trading at unprecedented levels over the long holiday weekend.
 
Natural gas hit a record $600 per million British thermal units in Oklahoma. Temperatures fell so far below forecasts in parts of the central and western US that physical gas prices soared from California to the Rockies, with one hub in Cheyenne, Wyoming, reaching as high as $350 per mmBtu, according to traders who asked not to be identified because the information isn’t public.
 
Heating and power plant fuel traded for

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First Published: Feb 15 2021 | 1:06 AM IST

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