"Natural Gas Market Plunge: Global Prices Freefall Amid Demand Slump"
The US natural gas market is struggling, with Henry Hub trading at its lowest since the early months of the pandemic at $1.74 for March delivery, and prices below $2 extending through May. Despite these low prices, natural gas production continues to exceed last year's supply, leading to a challenging market outlook. The situation is not expected to improve soon, as weather forecasts indicate mild conditions, prompting concerns that sub-$1 prices may be necessary to bring discipline to the market.