FX.co ★ US Natgas Prices Hover at 4-Week Low

U.S. natural gas futures have remained under $3.9 per MMBtu, close to a four-week low, primarily due to record production levels and unseasonably mild weather suppressing prices. Forecasts show higher-than-average temperatures across the Lower 48 states until April 9, which is expected to reduce heating demand and facilitate storage accumulation. Analysts suggest that March could witness the first net increase in inventory for this month since 2012. In March, gas production has averaged 106.0 billion cubic feet per day, exceeding February's record of 105.1 bcfd. On the export front, LNG flows have slightly increased to 15.7 bcfd, bolstered by the expanded capacity at Venture Global's Plaquemines LNG facility in Louisiana.