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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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Price per million BTU of oil and natural gas in the US, 1998-2015 Natural gas prices spiked to $23.86 on February 17, 2021 because of the Texas power crisis. [14] In February 2003 there was a similar spike in natural gas prices because of shortages. [15]
Natural gas prices at the Waha Hub in West Texas have been negative a record number of times so far this year. ... Waha gas closed at -$0.845 per million British thermal units and sank as low as ...
Quantities of natural gas are measured in standard cubic meters (cubic meter of gas at temperature 15 °C (59 °F) and pressure 101.325 kPa (14.6959 psi)) or standard cubic feet (cubic foot of gas at temperature 60.0 °F and pressure 14.73 psi (101.6 kPa)), 1 standard cubic meter = 35.301 standard cubic feet.