US natural gas futures traded below $2.3/MMBtu, the lowest in two months due to increased production, reduced gas flow to LNG export plants and excess gas in storage. Gas production in the Lower 48 states rose to 102.4 bcfd so far in July from a 17-month low of 99.5 bcfd in May. Also, gas flow to major US LNG export facilities decreased to 12.2 bcfd from 12.8 bcfd in June, mainly due to the Freeport shutdown caused by Hurricane Beryl. Meanwhile, the EIA report showed utilities added 65 billion cubic feet of gas to storage in the week ended July 5, putting stockpiles 18.7% above seasonal levels. Looking ahead, above-average temperatures are expected across the Lower 48 states until at least July 25.

Natural gas decreased 0.14 USD/MMBtu or 6.19% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas - data, forecasts, historical chart - was last updated on July 16 of 2024.

Natural gas decreased 0.14 USD/MMBtu or 6.19% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas is expected to trade at 2.70 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.16 in 12 months time.



Price Day Month Year Date
Crude Oil 80.57 -1.342 -1.64% 1.06% 9.04% Jul/16
Brent 83.54 -1.306 -1.54% -0.84% 6.59% Jul/16
Natural gas 2.18 0.0249 1.15% -21.70% -12.82% Jul/16
Gasoline 2.45 -0.0424 -1.70% -0.11% -4.73% Jul/16
Heating Oil 2.46 -0.0468 -1.86% -0.81% -3.70% Jul/16
Coal 134.95 1.10 0.82% -0.41% 2.94% Jul/15
TTF Gas 32.66 0.98 3.09% -4.64% 30.12% Jul/16
UK Gas 75.89 2.9246 4.01% -5.90% 23.22% Jul/16
Ethanol 1.88 -0.0450 -2.34% -1.06% -24.40% Jul/15
Naphtha 696.10 -0.25 -0.04% 6.45% 25.45% Jul/15
Propane 0.80 -0.01 -0.77% 7.14% 32.23% Jul/15
Uranium 86.25 0.1000 0.12% 0.12% 54.71% Jul/15
Methanol 2,547.00 -2.00 -0.08% 1.19% 12.75% Jul/16


Natural gas
The natural gas futures price is based on delivery at the Henry Hub in Louisiana, the nexus of 16 intra- and interstate natural gas pipeline systems that draw supplies from the region's prolific gas deposits. The contract trades in units of 10,000 million British thermal units (mmBtu). Natural gas accounts for almost a quarter of United States energy consumption. The United States is the biggest natural gas producer followed by Russia. The Natural gas market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Natural gas market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
2.18 2.16 15.78 -1.00 1990 - 2024 USD/MMBtu Daily