Texas Freeze Led To Second-Highest Natural Gas Withdrawal Ever

The extreme winter weather last week resulted in the second-largest withdrawal of natural gas from storage in the U.S. as demand spiked, the Energy Information Administration (EIA) said on Friday. In the week to February 19, natural gas stocks fell by 338 billion cubic feet (Bcf), nearly three times the average withdrawal for the middle of February, the EIA said in its Weekly Natural Gas Storage Report on Thursday. Last week’s withdrawal exceeded the historical five-year average net withdrawals for the week by 218 Bcf, and was just 21 Bcf…