"Record Demand Spurs Natural Gas Jump Amid Winter Freeze"

US natural gas supplies have dropped significantly due to extreme cold, leading to record demand for heating and power. The Electric Reliability Council of Texas (ERCOT) urged conservation efforts as electricity demand was expected to surpass all-time highs. Gas production in key areas like the Permian Basin and North Dakota's Bakken shale field was affected, while power prices soared to multi-year highs across the US and Canada.