 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 3 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 11 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 11 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 11 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 11 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
The current price of natural gas today is $2.01 per MMBtu. Live charts, historical data, futures contracts, and breaking news on natural gas prices can be found below.
On July 9, 2024, U.S. power plant operators in the Lower 48 states generated 6.9 million MWh of electricity from…
Europe’s benchmark natural gas prices slumped on Monday to the lowest level in one week after the U.S. export facility…
After years of being more or less isolated from the rest of the world, U.S. benchmark natural gas prices are…
Global liquefied natural gas markets (LNG) are in a prolonged state of flux. The ongoing Russian war in Ukraine has…
One of the Middle East’s largest oil producers, Kuwait, announced on Sunday a “huge” discovery of oil and associated…
The energy transition is showing signs of losing momentum over the past few months. EV sales are slowing,…
Offshore gas production in Southeast Asia is poised to unlock a $100 billion potential, driven by a flurry…
Editor's Note: This is a complimentary free numbers report for Oilprice.com readers. Global Energy Alert…
Within the last few years, a few ground-breaking reports have shown that the level of gas flaring from oil operations…
Authored by Paul Everingham via RealClearEnergy, The U.S Government could do far worse than to…
A shake-up of natural gas supply arrangements is gaining momentum across Eurasia. Russia, which has seen gas exports…
Europe’s natural gas prices have jumped by 40% over the past three months despite the EU exiting the winter heating…
The shipping industry is one of the biggest targets for decarbonization planners. As such, it has also been the target…
Over the past two years, Europe has rapidly distanced itself from Russia’s energy commodities in protest to Russia’s war in…
Whenever I try to get a feel for the direction of natural gas prices, the Energy Information Administration’s (EIA)
Last year marked a record for U.S. oil production with an average daily production
As the world focuses on transitioning to green, there are big questions about whether new oil and gas resources should…
Russia’s energy behemoth Gazprom announced with great fanfare in early 2024 that it had overtaken Turkmenistan as…
Much lower natural gas prices this year compared to 2023 dragged down profits at some of the largest oil and…
Liquefied natural gas (LNG) remains the fuel of choice for lower-carbon shipping, despite the rise in orders for…
Natural gas futures are financial contracts that enable traders to buy or sell a specified quantity of natural gas at a predetermined price on a future date. These contracts serve as a risk management tool, allowing participants to hedge against price fluctuations and speculate on market movements.
The prices of natural gas futures are closely tied to the supply and demand dynamics of the natural gas market. Economic indicators, geopolitical events, and weather patterns can significantly influence prices as well. Traders and investors use futures contracts to gain exposure to these price movements, mitigating risk or seeking profit opportunities.
Supply and Demand: Changes in production levels and consumption patterns impact prices. New projects can take a long time to bring online, meaning supply is frequently less elastic than demand.
Weather Conditions: Cold winters, for example, increase demand for heating - pushing natural gas prices higher.
Geopolitical Events: Political instability in key natural gas-producing regions can cause price fluctuations by taking supply off the market.
Economic Indicators: Economic health and growth rates influence energy consumption and prices.
Natural gas futures prices are primarily driven by supply and demand dynamics, weather conditions, geopolitical events, and economic indicators. Understanding these factors is crucial for anticipating price movements.
Businesses can use natural gas futures to manage the risk of price volatility. For example, a company heavily reliant on natural gas for operations can hedge against rising prices by entering into futures contracts, ensuring stable costs.
No, natural gas futures serve both hedgers and speculators. Hedgers use futures contracts to mitigate risk, while speculators aim to profit from price movements. This dual function makes the market more robust and liquid.
Weather plays a significant role in natural gas futures. Cold weather and very hot weather will increase demand for natural gas due to the need for heating and cooling. Traders closely monitor weather forecasts to anticipate potential price spikes.
Economic indicators, such as GDP growth and industrial production, influence energy consumption and, consequently, natural gas prices. Traders analyze these indicators to gauge the overall economic health and potential market trends.
Natural gas futures contracts typically expire on a monthly basis. Traders need to be aware of expiration dates and either close their positions or roll them over into the next contract to avoid physical delivery.
