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Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe.
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
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In 2012, the United States produced 25.3 trillion cubic feet of marketed natural gas, with an average wellhead value of $2.66 per thousand cubic feet, for a total wellhead value of $67.3 billion. [2] In 2013, the country produced 30.0 trillion cubic feet (TCF) of marketed gas. [3]
Natural gas prices at the Waha Hub in West Texas have been negative a record number of times ... Waha gas closed at -$0.845 per million British thermal units and sank as low as -$4.595 in May ...
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