US natural gas futures fell over 3% to $3.23/MMBtu on Tuesday, reversing Monday's gains, after the US delayed tariffs on Canada and Mexico.
US gas prices drop despite record LNG exports
However, new Chinese tariffs on US coal and LNG, part of a broader trade dispute, are raising concerns about disruptions to the LNG market. US gas production has increased in February, averaging 105.7 bcfd, though recent daily output has dipped slightly from a near-record high.
US LNG hits record high, weather shifts
Warmer weather is forecast initially, followed by a return to colder temperatures. Meanwhile, US LNG exports have hit a new record, rising to 15.3 bcfd in February.
