Natural gas down 32% in 2014

Energy , Natural Gas , USA Jan 04, 2015 No Comments

Natural gas 2014Natural gas for February delivery settled down 20.5 cents, or 6.6%, to $2.889/mmBtu on the New York Mercantile Exchange, the lowest settlement price since Sept. 24, 2012. Stockpiles now stand at 3.22 trillion cubic feet, 7.8% above last year’s level and 2.5% below the five-year average for the week.

Natural gas, known for being a volatile market, closed the year as one of the worst performing commodities. Prices spiked to $6 a million British thermal units in February as a cold winter depleted supplies. But production exceeded expectations this summer, and this winter’s weather has been moderate.

Via Natural Gas Posts 32% Loss for Year – WSJ

Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

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