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Natural gas prices surged more than 20% on Monday after a wave of forecasts over the weekend predicted incoming arctic air could set the U.S. up for the coldest January in a decade or more.
Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe. The cold temperatures ...
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
The low price of natural gas, together with its smaller carbon footprint compared to coal, has encouraged a rapid growth in electricity generated from natural gas. Between 2005 and 2014, US production of natural gas liquids (NGLs) increased 70 percent, from 1.74 million barrels per day in 2005 to 2.96 million barrels per day in 2014.
Oil Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
The situation in Israel has also weighed heavily on the European natural gas market. European benchmark gas futures jumped as much as 5.7% Friday to €56 ($59) per megawatt hour, before falling ...
It is the pricing and delivery point for the ICE Futures Europe (IntercontinentalExchange) natural gas futures contract. It is the second most liquid gas trading point in Europe [2] and has a major influence on the price that domestic consumers pay for their gas [citation needed]. Gas at the NBP trades in pence per therm.
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