Natural gas surges above $9 to highest since 2008 on low inventories


A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan.

Issei Kato | Reuters

Natural gas surged above $9 per million British thermal units, or MMBtu, on Wednesday, hitting the highest level in more than a decade as dwindling inventories push prices higher.

U.S. prices surged more than 6% at one point to hit a high of $9.399 per MMBtu, the highest since August 2008. The contract later gave back the bulk of those gains, ending the day 1.99% higher at $8.971 per MMBtu.

Still, prices remain elevated in what’s been a blistering rally for natural gas as Russia’s war on Ukraine sends energy markets reeling.

David Givens, head of natural gas and…


0 0 votes
Article Rating

Dick’s Sporting Goods (DKS) Q1 earnings top estimates, outlook cut

Previous article

Booster making renewable fuels accessible in ways gas station cannot

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Energy