Natural gas is in high demand. The U.S. is boosting exports abroad, while data center growth is driving the need for natural-gas-powered electricity domestically, as well.
The U.S. is the world's largest producer of both oil and natural gas, but only one of those commodities is hitting American consumers. The reason comes down to infrastructure.
The war in Iran has cost the global oil supply roughly 15 million barrels a day, or 15%, so far. A shock that poses a “major, major threat” to the global economy, said Fatih Birol, the head of the the International Energy Agency.
New data shows natural gas prices in the U.S. up 10.9% compared to the same time last year. That increase is largely due to a colder winter and higher demands for electricity.
About a fifth of the global supply of liquified natural gas comes through the Gulf, primarily from Qatar. With that supply halted, possibly for weeks, major importers in Europe and Asia will need to look elsewhere.
New analysis by S&P Global Commodity Insights shows U.S. natural gas companies are catching up to oil companies in their valuations amid demand growth from AI and foreign importers of liquefied natural gas.
