Frigid temps cut US natural gas supply as demand soars, Texas faces possible shortfall By Reuters

After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.

• Jan 23, 2026US energy sector braces for winter storm as crude and natural gas output fall | Reuters-2.8%
• Jan 3, 2022U.S. natural gas prices rise as cold freezes wells | Reuters+2.6%
• Dec 29, 2025Nat-Gas Prices Soar as US Temps Plunge-17.1%
• Feb 16, 2021Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand-27.6%
• Nov 12, 2024US Natural Gas Futures Climb As Production Drops And Demand Shifts - Finimize+32.3%

After 30 past bullish weather events, Urea moved a median +1.4% over 5 sessions (67% higher; middle half -0.3% to +1.6%), and +9.1% over 20.

• Jan 22, 2026Natural Gas Soars 75% in Three Days as Arctic Cold Grips US - Bloomberg+1.4%
• Jan 20, 2026Natural gas prices soar as cold snap blasts across the U.S.+1.4%
• Feb 23, 2025US natural gas prices surge as La Niña replaces El Niño – Chemicals and the Economy-0.3%
• Jan 21, 2026Natural Gas Prices Soar as Winter Storm Is Set to Drop Snow, Ice Across Massive Swath of the US - Bloomberg+1.6%
• Jan 22, 2026US Natgas Futures Soar 57% Over Two Days as Frigid Weather Boosts Heating Demand, Freezes Wells - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com+1.4%