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The World Bank's natural gas price index rose 5% in November after a 5% drop in Q3. US benchmark prices diverged from Europe, where prices have fallen every month since June to their lowest since spring 2024, as US prices broke above $5/mmBtu in early December.
Global gas demand growth was weak in 2025 and is expected to recover moderately in 2026.
The widening US-Europe spread shows LNG flows are reshaping global gas balances. US gas costs for fertilizer and energy-intensive inputs stay high while European costs stay low.
blogs.worldbank.orgPaolo Agnolucci, Nikita Makarenko2025年12月9日在过去 40 次中性的报告事件之后，天然气 在 5 个交易日内中位数变动 +1.2%（60% 上涨；中间一半区间为 -3.5% 至 +2.8%），20 个交易日内为 +4.5%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
