Natural gas prices in West Texas, United States have turned negative, forcing suppliers to burn excess production.

The Permian Basin in western Texas, USA, is the largest natural gas trading center in the United States, producing about a quarter of the country's natural gas output. Last week, the spot price of natural gas there fell to as low as -$9.75 per million British thermal units. The conflict between the US and Iran led to local drilling companies increasing their oil production, which in turn led to an increase in natural gas production. However, due to limited infrastructure, there was a local surplus of natural gas, forcing producers to flare off excess capacity.