Wednesday, December 8 2021 Sign In   |    Register

News Quick Search



Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Dec 06
Week of Nov 29
Week of Nov 22
Week of Nov 15
Week of Nov 08
By Topic
By News Partner
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Month-ahead natural gas prices climb 30 per cent in just a day

    October 6, 2021 - Jack Barnett


      Prices for future natural gas stock soared 30 per cent this morning, driven by demand for the resource rising as energy providers brace for cooler weather.

      November month-ahead natural gas contracts climbed to £3.82 per therm, up from the £3.03 per therm opening price.

      At one point today, natural gas futures contracts for November topped £4.

      Analysts at Dutch bank ING explained depleted gas stocks across the world, compounded by soaring demand as winter approaches, were to blame for natural gas prices skyrocketing.

      Supply has been restricted by weaker flows of the resource from Russia, a crucial provider of natural gas globally, putting further upward pressure on prices.

      Countries have also switched to natural gas as a source of energy due to lower wind and nuclear output.

      Economies around the world are in the teeth of an inflation upsurge, primarily triggered by prices for several energy resources touching historic highs.

      Oil prices are hovering around $80 a barrel and are level with their 2014 peak, while UK prices at the pump have reached the highest level since 2013.

      More to follow.

      The post Month-ahead natural gas prices climb 30 per cent in just a day appeared first on CityAM.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2021 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.