Natural Gas Price OutlookNatural gas prices have retreated over the last month after November’s multi-year high spike. On 11 January, the Henry Hub Natural Gas price was USD 3.11 per one million British thermal units (MMBtu). The price was 29.7% lower than on the same day in the previous month but was up 5.4% on a year-to-date basis. In addition, the price was 0.5% higher than on the corresponding date in 2018. The fall in prices was chiefly due to mild weather in the U.S. over the past month, which dampened heating demand and which is expected to persist in the coming months. Moreover, the previous month’s significant jump in natural gas prices caused utility firms to shift to alternative energy sources such as coal, which further weighed on demand. Some kind of pullback was always to be expected following such a dramatic price increase in November, which likely saw prices run ahead of fundamentals amid speculative demand.
Natural Gas Price History Data (USD per MMBtu, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Natural Gas Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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