Global Natural Gas Prices Fall to US$2.52 per Mmbtu (Monday, December 18, 2023)

Yahoo Finance reports that the global natural gas price today fell 0.04 percent to US$2.52 per mmbtu. This price drop is relatively significant compared to the average price movement over the past week.

This week, the global natural gas price saw its highest surge on Monday, December 18, 2023, at 0.04 percent. It has weakened by 36.69 percent compared to its year-start position.

The current situation is similar to previous trends showing a shrinking global natural gas price.

Over the past week, the global natural gas price grew by 3.44 percent, with an average daily transaction price of US$2.43 per mmbtu. Compared to its position 30 days ago, the global natural gas price has slowed by 21.02 percent. The highest trading value for global natural gas this year was US$4.17 per mmbtu, recorded on Wednesday, January 4, 2023.

Annually, the average trading price of global natural gas over the past five years has shown an upward trend. Meanwhile, monthly price monitoring over the past 12 months shows an upward trend. The highest average monthly price for global natural gas was recorded in January 2023 at US$3.43 per mmbtu.

Previously, news of a potential gas shortage deepened concerns about the risk of recession in countries dependent on the fuel for industry and power generation, including the UK and the European Union.