Global Natural Gas Prices Traded at US$2.13 per Mmbtu This Afternoon (Friday, August 16, 2024)
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Global natural gas prices fell on Friday, August 16, 2024. Trading today recorded US$2.13 per mmbtu, lower than the previous day's US$2.2 per mmbtu. This continues the upward trend of the last two days.
Over the past week, global natural gas prices grew by 0.8 percent, with an average daily transaction price of US$2.16 per mmbtu. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), global natural gas prices have decreased by -19.39 percent. The highest trading value for this commodity this year was US$3.31 per mmbtu, recorded on Friday, January 12, 2024.
Annually, the average global natural gas price has been in a downward trend over the past five years. Monthly, transactions in the last 12 months have tended to decrease. The highest average monthly price was recorded in October 2023 at US$3.14 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.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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