26 January 2026 | 8:16PM EST Commodities Research Natural Gas Comment: After The Storm n While Winter Storm Fern's negative impact on US production has matched our baseline, incremental gas demand has beaten our expectations, and price-driven offsets have partially disappointed, on net leading to a 50 Bcf larger overall hit to US gas storage levels vs what we expected (Exhibit 1 and Exhibit 2). Specifically, US LNG feedgas and exports to Mexico declined by less than what we expected. Our updated end-Mar26/e ...