Global Natural Gas Prices Traded at US$2.58 per Mmbtu Today (Friday, December 8, 2023)

Global natural gas prices for transactions on Friday, December 8, 2023, decreased. Today's global natural gas price trading was recorded at US$2.58 per mmbtu. This figure is lower than the previous day's trading, which stood at US$2.58 per mmbtu. The current situation is similar to the previous trend of declining global natural gas prices.

Over the past week, the movement of global natural gas prices slowed by 7.89 percent, with an average daily transaction price of US$2.67 per mmbtu. Compared to the price at the beginning of the year, the global natural gas price has slowed by 35.28 percent. The highest trading value for global natural gas commodities this year was transacted at US$4.17 per mmbtu, which occurred on Wednesday, January 4, 2023.

Annually, the average trading price of global natural gas over the past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to increase. The highest average monthly price for global natural gas commodities was recorded in January 2023 at US$3.43 per mmbtu.

Previously, news of a gas shortage threat 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.