Welcome back to our blog. This time, we will spend some time on the natural gas market, and then give a short update on the fertilizer market. Supply ( natural gas) Recent data from S&P Global Commodity Insights reveals some notable shifts in supply dynamics. The average total natural gas supply experienced a slight decline of 0.1% compared to the previous report week and a 0.2% decrease in dry natural gas production. This production level, currently at 101.6 Bcf /d, is approximately 4 Bcf /d lower than the record high set in December 2023. Interestingly, average net imports from Canada saw a modest increase of 2.1%, indicating the importance of cross-border trade in ensuring supply adequacy. Moreover, industry responses to market conditions have been notable, with CNX Resources announcing a delay in completion activities on some upcoming wells, aligning with similar decisions from industry peers like Chesapeake Energy and EQT Corporation...