Natural gas processing plant in winter

Natural Gas Price Outlook

Prices for natural gas continued to soar in recent weeks, hitting an over seven-year high in early October amid improving fundamentals. On 7 October, the Henry Hub Natural Gas price was USD 5.76 per one million British thermal units (MMBtu), which was 25.2% higher than on the same day in the previous month. Moreover, the price was up 125.9% on a year-to-date basis and was 122.4% higher than on the same day in 2020. The recent price rally has been supported by stronger fundamentals amid tighter supply and firmer demand. An expected supply shortage during the winter has pushed prices higher; European inventories are at around 75% of their capacity, the lowest level in over a decade. Moreover, lower Russian exports to Europe contribute to the shortage. Simultaneously, Asian markets began to stockpile in anticipation of colder winter months. Production in the United States also eased recently, further spiking prices. Cuts in U.S. production are partly due to maintenance events at production centers. Demand in the winter months, and thus the price outlook, will depend heavily on winter weather; a milder winter would see demand rise less strongly and limit price gains.

Natural Gas Price History Data (USD per MMBtu, aop)

2015  2016  2017  2018  2019  
Natural Gas 2.63  2.55  3.02  3.07  2.53  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.


Natural Gas Historical Price Chart

Natural Gas historical price chart
Note: U.S. Henry Hub Natural Gas, prices in in USD per Million of British Thermal Units (MMBtu). Daily prices.

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities


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