As severe cold swept through the central states last week, gas traders were forced into a frenzied search for cash. Because of the extreme volatility of gas prices, exchanges told traders to put up more collateral or face the possibility of being forced out of their positions, potentially triggering huge losses.
Texas cold snap sent gas traders scrambling for cash
Sign up for API SmartBrief
Oil and natural gas industry news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.