US natural gas futures extended losses below the $8.0/MMBtu mark, pressured by prospects of easing colling demand due to less hot weather and record levels of production as domestic producers have been taking advantage of higher prices. A bigger-than-expected gas storage build last week also added to the bearish outlook. Data showed US utilities added 41 billion cubic feet of gas to storage during the week ended July 29th, well above expectations of 29 bcf. On top of that, Freeport LNG, a key export terminal in Texas, has recently agreed with regulators to restart operations in October. Meanwhile, demand from Europe continues to support prices as the critical Nord Stream 1 pipeline from Russia to Germany is currently running at 20% capacity. Russia has already halted shipments to Demark, Finland, Bulgaria, the Netherlands, and Poland and reduced supplies to Germany for not consenting to its natural gas payments demand in Russian rubles.

Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas - data, forecasts, historical chart - was last updated on August of 2022.

Natural gas is expected to trade at 8.50 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 10.24 in 12 months time.

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Natural gas

Price Day Month Year
Crude Oil 89.41 -1.088 -1.20% -11.66% 29.12%
Brent 95.19 -1.117 -1.16% -8.16% 33.25%
Natural gas 7.90 0.0646 0.82% 24.98% 94.57%
Gasoline 2.95 -0.0140 -0.47% -11.00% 27.97%
Heating Oil 3.29 -0.0422 -1.27% -10.65% 56.31%
Coal 384.50 13.50 3.64% -8.23% 130.10%
TTF Gas 202.08 9.90 5.15% 22.83% 339.44%
UK Gas 388.00 30.7600 8.61% 74.59% 238.98%
Ethanol 2.44 0.0150 0.62% -3.56% 11.42%
Naphtha 675.23 -7.52 -1.10% -15.43% 2.62%
Propane 1.07 -0.002 -0.22% -10.17% -3.11%
Uranium 48.70 0 0% 0.62% 53.63%
Methanol 2,520.00 -6.00 -0.24% 8.67% 3.03%

Natural gas
Natural gas accounts for almost a quarter of United States energy consumption. The NYMEX Division natural gas futures contract is widely used as a national benchmark price. The futures contract trades in units of 10,000 million British thermal units (mmBtu). The price is based on delivery at the Henry Hub in Louisiana, the nexus of 16 intra- and interstate natural gas pipeline systems that draw supplies from the region's prolific gas deposits. The United States is the biggest natural gas producer followed by Russia. The Natural gas market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Natural gas market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
7.91 7.83 15.78 1.04 1990 - 2022 USD/MMBtu Daily