Check our natural gas price chart to keep up-to-date on the commodity’s live price, as well as longer-term price trends. Stay on top of the latest events affecting the value of natural gas with our news and analysis, which can also help when forecasting natural gas prices.
Natural gas, just like coal and crude oil, is a fossil fuel that has formed over millions of years from the remains of decayed plants and animals, compressed deep beneath the earth's surface.
First harnessed as an energy source in 18th-century Britain, natural gas truly began to come into its own in the 20th century, when the construction of pipelines opened up many new markets. Today, natural gas is primarily used for heating and cooling. It also powers manufacturing and is a key ingredient in industrial products, including fertilizers and pharmaceuticals.
The top 10 natural gas producers possess almost 80% of the world’s reserves of this fossil fuel. These regions – along with their average annual outputs (measured in billions of cubic meters) – are:
Source: The World Factbook, CIA (2018)
Supply and demand are the main forces that drive natural gas prices, with even minor variations in either one substantially affecting its value. Factors that impact supply and demand, and therefore the price, of this commodity include:
Several factors make natural gas appealing for traders, including:
For the latest natural gas news, visit our market news and trading strategies articles below.
Learn how to trade Natural Gas with our expert guide to tips, trading hours and using technical analysis
The Elliott Wave chart patterns provide guidance on the maturity of the current trends. WTI crude may beginning a multi-month drop and Natural Gas is near the end of a bullish triangle.
by Peter Hanks