U.S. natural gas production reached a record 137 billion cubic feet per day in July 2026, driven by new wells in the Permian Basin across Texas and New Mexico. Growth was supported by higher prices, improved well productivity, and new pipeline infrastructure easing transport bottlenecks to LNG export terminals.
U.S. propane exports reached record levels of 2 million barrels per day in the first half of 2026, driven by increased domestic production and shifting trade flows toward India and South Asia. China's tariffs on U.S. propane, which peaked at 125% in April 2025, have reduced exports to that country, while capacity constraints and low water levels at the Panama Canal may limit future growth.