Natural gas prices down over 70% in 1 year. Decoding the bad news
Global natural gas prices shed more than 70 per cent in the last 12 months, influenced by a complex interplay of supply and demand dynamics shaped by geopolitical events, weather patterns, technological advancements, and global economic conditions.
In the key US NYMEX futures platform, prices have been struck at $2-3 mmbtu levels since the start of the year. Similarly, after hitting an all-time high of Rs 801 in domestic MCX futures, prices plummeted sharply, trading below Rs 250 levels throughout the period.
