According to analysts of the International Energy Agency (IEA), this year, the global volume of investment in the oil industry will fall by 6%. Excluding the period of the COVID-19 pandemic, such a drop will be the first of this type over the past decade.
A decrease of the indicator value may contribute to the fall in quotes of NG.
An increase of the indicator value may contribute to the fall in quotes of NG, WTI, Brent.
On Thursday, natural gas prices in the US collapsed by about 6% to a two-week low of $3.921 per million British thermal units due to an increase in storage inventories. Additional pressure on prices came from weather forecasts and corresponding expectations of weaker fuel demand next week.
Shell Plc plans to launch natural gas production at the Dragon field in Venezuela, with the aim of exporting the resource to Trinidad and Tobago. The project will start in 2026, a year earlier than originally planned.
An increase of the indicator value may contribute to the fall in quotes of NG.
Gas reserves in Europe's underground storage facilities (UGS) have fallen to their lowest level since 2021, down 34%. Gas Infrastructure Europe (GIE) informs that the amount of fuel in the reserves has dropped below 38 billion cubic meters. This indicates a high pace of consumption.
US President Donald Trump's administration has permitted Venture Global LNG to export natural gas from its CP2 project. According to the country's Energy Secretary Chris Wright, the decision is aimed at restoring the United States' international energy dominance.
Australia has revised its forecast for a fuel shortage in the southern states. This was announced by the country's energy market operator in its report. The industry feared that the most densely populated regions would face fuel shortages this winter, but the deadline has been delayed to 2028.
On Tuesday, the price of natural gas in the United States rose by about 1% to $4.12 per million British thermal units. The increase was boosted by record supplies to liquefied natural gas export facilities and a slight reduction in domestic gas output, combined with a shift in US weather forecasts.
According to Reuters, the price of natural gas in the United States fell about 2% to a two-week low of $4 per million British thermal units on Monday. The agency noted that record domestic production and weather forecasts suggesting warmer weather for the rest of the month contributed to the drop.
Natural gas is not just a fuel for cooking and heating. It is also a key element on the global economic stage. This page provides information on the latest market events and trends, allowing you to assess their impact on natural gas prices.
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