Natural gas processing plant in winter

Natural Gas Price Outlook

Natural gas prices recovered in late July and early August after tumbling in the first half of July, as reports from the U.S. Energy Information Administration (EIA) showed both near-record natural gas demand for power generation in July and inventory levels reaching a five-year low for the first time since 2014. Concerns of localized shortages in the coming winter interrupted a month-long downward trend fueled by record supply growth and a fall in oil prices. On 3 August, the Henry Hub Natural Gas price was USD 2.85 per one million British thermal units (MMBtu). The price was 0.6% lower than on the same day in the previous month and was down 3.4% on a year-to-date basis. In addition, the price was 1.9% higher than on the corresponding date in 2017. Record-high supply levels should limit price increases over the summer, with U.S. shale production being able to rapidly ramp up in response to higher prices. However, record-low inventories midway into the injecting season indicate risks of price spikes towards year-end if the winter season proves harsh. Lower expected production from several key players, including Australia and the Netherlands, will also somewhat tame increases in U.S. and Russian output going forward.

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

2013  2014  2015  2016  2017  
Natural Gas3.76  4.26  2.63  2.55  3.02  

Sample Report

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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