Natural Gas Price Outlook
Prices for natural gas regained some ground in recent weeks, following the plummet caused by the arrival of the Omicron variant in late November. On 14 January, the Henry Hub Natural Gas price was USD 4.26 per one million British thermal units (MMBtu), which was 12.4% higher than on the same day in the previous month. Moreover, the price was up 14.2% on a year-to-date basis and was 60.2% higher than on the same day in 2021. The recent pickup in natural gas prices came amid the prospect of lower U.S. production at the start of the year, just as colder weather in the U.S. boosted demand pressures. U.S. daily production in January is down slightly on a month-to-date basis. Meanwhile, temperatures have been low in the U.S. Northeast and Midwest in the month so far, with weather forecasts indicating a significant probability of below-average temperatures in the weeks to come. Very strong foreign demand for U.S. LNG has further boosted prices.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
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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