Global Natural Gas Prices Traded at US$1.86 per Mmbtu Today (Thursday, April 11, 2024)

Yahoo Finance reports that global natural gas prices fell 1.49 percent today to US$1.86 per mmbtu. This price drop is significantly higher than the average price movement over the past week.

Global natural gas prices saw their highest surge this week on Monday, April 8, 2024, reaching 3.31 percent. However, trading since the beginning of the year has continuously declined, with year-to-date (YTD) growth at -29.69 percent.

The current situation is similar to previous movements in global natural gas prices, which have been trending upward.

Over the past week, the movement of global natural gas prices slowed by 0.27 percent, with an average daily transaction price of US$1.84 per mmbtu. Katadata Insight Center (KIC) calculations show that year-to-date (YTD), global natural gas prices have fallen by 29.69 percent. The highest trading value for global natural gas this year was US$3.31 per mmbtu, recorded on Friday, January 12, 2024.

Annually, the average trading price of global natural gas over the past five years has been trending downward. Meanwhile, monthly price monitoring shows that transactions over the past 12 months have also tended to decline. The highest average monthly price for global natural gas was recorded in October 2023 at US$3.14 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.