The U.S. natural gas benchmark is set for several months of below $3 MMBtu price analysts and EIA forecasters say. The agency cited declining demand for heating in the spring along with rising American dry natural gas production. Following the Texas Freeze in the middle of February when demand spiked and production collapsed—leading to the second-largest withdrawal of natural gas from storage in the U.S. in history—demand for natural gas has been declining and production has been growing. The return of the production shut-in during the cold snap and the rising associated natural gas production due to the growing number of oil-directed rigs in the shale patch have boosted U.S. natural gas production. At the same time, demand for heating is declining due to rising temperatures and is expected to reach the lowest levels this year in the shoulder season in April and May, when heating and electricity demand […]