Supply and demand side hit by "double kill" as U.S. natural gas futures plummet to nine-week low.

Natural gas futures in the United States fell to a nine-week low on Monday, after record production over the weekend, with demand expected to be lower than previously expected next week. Financial company LSEG said that the average daily natural gas production in the contiguous United States in April so far has risen to 1.063 trillion cubic feet, higher than the previous monthly record of 1.062 trillion cubic feet in March, reaching record levels of 1.074 trillion cubic feet on Saturday and Sunday, surpassing the previous historical high of 1.073 trillion cubic feet set on March 24. Looking ahead, analysts suggest that energy companies may reduce oil drilling activities in the coming weeks, partly due to the uncertainty caused by the Trump administration's inconsistent tariff policies affecting the decline in oil futures. Any reduction in oil drilling activities could potentially boost natural gas prices by reducing related production. Near-month natural gas futures for May delivery on the New York Mercantile Exchange fell 5.7% to $3.325 per million British thermal units, marking the sixth consecutive decline in the past seven trading days and the lowest settlement price since February 7. Meteorological websites forecast that by the end of April, temperatures in most of the 48 contiguous states of the United States will remain above normal levels. NatGasWeather.com stated, "The pattern from late April through May is favorable for reduced demand, as heating degree days gradually decrease in the northern United States while cooling degree days increase in the southern and central United States with temperatures ranging from 80 to 90 degrees Fahrenheit." On the positive side, LNG feedstock demand remains strong, but stronger year-over-year wind power and CECEP Solar Energy generation are unfavorable for natural gas, with the forecast website adding, "Renewable energy is expected to be fairly strong this week in many areas due to strong winds."