Global natural gas prices traded at US$2.47 per Mmbtu today (Friday, December 15, 2023).

Yahoo Finance reports that global natural gas prices rose 3.22 percent today, reaching US$2.47 per mmbtu. However, this increase remains below the average price movement over the past week.

Yesterday, global natural gas prices saw their highest jump on Friday, December 15, 2023, at 3.22 percent. Year-to-date, prices have weakened by 38.09 percent.

The current situation is similar to the trend of the past three days, which has shown a downward movement in global natural gas prices.

Over the past week, global natural gas prices have slowed by 4.49 percent, with an average daily transaction price of US$2.42 per mmbtu. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), global natural gas prices have fallen by 38.09 percent. The highest trading value for this commodity 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 potential gas shortages 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.