# The Global Energy Crisis: Implications of Record High Natural Gas Prices - Center on Global Energy Policy at Columbia University SIPA | CGEP

> Natural gas spot prices in Asia and Europe have reached record levels, with gas at about $56/mmBtu. Oil prices are also rising, and China and Europe face record coal and carbon prices. Record power prices are emerging in several regions as gas-fired plants set the margin.

- Date: 2021-10-20 · published 2021-10-20T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44767-the-global-energy-crisis-implications-of-record-high-natural-gas-prices-center
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A broad energy price surge raises fertilizer, transport and processing costs across the feed chain. Persistent energy prices could keep input costs elevated into the 2022 season.

## Read by commodity

- WTI: bullish ▲
- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-11-01 | [Q&A \| The Role of Liquefied Natural Gas in the US Gas Market - Center on Global Energy Policy at Columbia University SIPA \| CGEP](https://feedsoft.ai/events/44235-q-and-a-the-role-of-liquefied-natural-gas-in-the-us-gas-market-center-on-global.md) | +1.0% | -10.6% |
| NATGAS | 2018-10-16 | [Low US Storage Levels Point to Winter Natural Gas Price Spike Risk - Center on Global Energy Policy at Columbia University SIPA \| CGEP](https://feedsoft.ai/events/62746-low-us-storage-levels-point-to-winter-natural-gas-price-spike-risk-center-on.md) | -2.5% | +19.1% |
| NATGAS | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +2.9% | +3.4% |
| NATGAS | 2021-12-14 | [The emerging global natural gas market and the energy crisis of 2021-2022 \| Brookings](https://feedsoft.ai/events/43786-the-emerging-global-natural-gas-market-and-the-energy-crisis-of-2021-2022.md) | -1.2% | +7.3% |
| NATGAS | 2020-04-12 | [Higher Natural Gas Prices Are On The Horizon \| OilPrice.com](https://feedsoft.ai/events/12201-higher-natural-gas-prices-are-on-the-horizon-oilprice-com.md) | -0.3% | +2.6% |
| WTI | 2021-10-22 | [Global Gas Prices are Soaring to Record Highs. Here's Why.](https://feedsoft.ai/events/11751-global-gas-prices-are-soaring-to-record-highs-here-s-why.md) | +0.2% | -4.4% |
| WTI | 2018-06-28 | [Oil prices are high. So why is the Canadian dollar still so low? - National \| Globalnews.ca](https://feedsoft.ai/events/64754-oil-prices-are-high-so-why-is-the-canadian-dollar-still-so-low-national.md) | -3.7% | -6.5% |
| WTI | 2026-03-06 | [Palm oil prices rise 4% as higher energy costs lift biofuel spread margins \| S&P Global](https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and.md) | +18.2% | +39.2% |

## Sources

- energypolicy.columbia.edu: https://www.energypolicy.columbia.edu/publications/global-energy-crisis-implications-record-high-natural-gas-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.