Natural gas processing plant in winter

Natural Gas Price Outlook

Natural gas prices plummeted in recent days after reaching an over one-year high in late January, as warmer-than-expected weather and lingering concerns regarding oversupply soured market participants’ appetite. On 9 February, the Henry Hub Natural Gas price was USD 2.58 per one million British thermal units (MMBtu). The price was down 11.6% from the same day in the previous month and was 12.5% lower on a year-to-date basis. The price was down 17.7% from the corresponding date in 2017. An erratic winter has buoyed volatility in natural gas markets in recent weeks. Expectations that a second cold snap would keep U.S. demand on a record streak had fueled strong gains in prices for the commodity in late January, which reached USD 3.63 per MMBtu on 29 January, an over one-year high. However, actual weather conditions have so far proved less extreme, which has caused a round of selling amid sentiment of overbought conditions. This is compounded by the fact that winter contracts end in March, which is typically followed by two months of meagre demand. Meanwhile, although working natural gas stocks for the week ending on 2 February stood at 2,078 billion cubic feet—a 19.5% decrease from a year ago—the EIA projects U.S. natural gas production will reach 80.3 billion cubic feet per day this year, up 6.7 billion cubic feet a day from the 2017 level, in what would be the largest year-on-year increase in history.

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

2012  2013  2014  2015  2016  
Natural Gas2.76  3.73  4.34  2.61  2.49  

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

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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.

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

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