Global Natural Gas Prices Rise to US$2.14 per Mmbtu (Thursday, August 29, 2024)
- A Small Font
- A Medium Font
- A Bigger Font
Yahoo Finance reports that global natural gas prices rose 11.04 percent today, reaching US$2.14 per mmbtu. However, this increase remains below the average price movement over the past week.
Global natural gas prices saw their highest surge this week on Thursday, August 29, 2024, at 11.04 percent. However, they are down 18.86 percent compared to their year-to-date position.
Current conditions confirm the upward trend in global natural gas prices over the past two days.
Over the past week, global natural gas prices have grown by -2.5 percent, with an average daily transaction price of US$2.03 per mmbtu. Compared to the beginning of the year, global natural gas prices have increased by -18.86 percent. From their highest price this year of US$3.31 per mmbtu, global natural gas prices have fallen by 35.32 percent.
Annually, the average trading price of global natural gas over the past five years has been in a downward trend. Meanwhile, monthly price monitoring shows that transactions over the past 12 months have tended to decrease. The highest average monthly price for global natural gas was recorded in October 2023 at US$3.14 per mmbtu.
Earlier news from early September 2022 reported that European gas prices soared after Russia shut down the Nord Stream 1 pipeline. Russia shut down the gas flow through the Nord Stream 1 pipeline due to newly discovered damage. Gas prices skyrocketed as the market anticipated gas shortages ahead of winter.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data