Extreme cold weather conditions in the northeast U.S. led to the lowest average temperatures this century on New Year’s Day. That’s led to a jump in demand for oil and gas heating products. Increased imports may be needed to replenish supplies after heating oil and natural gas prices climbed 8% and 7% respectively at the start of January vs. the start of December. Heating and fuel oil imports to the northeast U.S. climbed 31% on a year earlier in December on a provisional basis, though imports to New York specifically actually fell 3%. A continued cold snap may also require diversions of...