Natural Gas
Natural Gas Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-18 | $2 | 17 | 17 | 0.05 |
| 2023-02-16 | $2 | 18 | 19 | 0.06 |
| 2023-02-15 | $2 | 18 | 18 | 0.06 |
| 2023-02-15 | $3 | 19 | 19 | 0.06 |
| 2023-02-15 | $3 | 19 | 19 | 0.06 |
| 2023-02-14 | $3 | 19 | 19 | 0.06 |
| 2023-02-13 | $2 | 18 | 18 | 0.06 |
| 2023-02-10 | $3 | 18 | 19 | 0.06 |
| 2023-02-09 | $2 | 18 | 18 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 18 | 19 | 0.06 |
| 2023-02-08 | $3 | 18 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 18 | 19 | 0.06 |
| 2023-02-08 | $3 | 18 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 19 | 19 | 0.06 |
| 2023-02-08 | $3 | 18 | 19 | 0.06 |
| 2023-02-08 | $2 | 18 | 19 | 0.06 |
| 2023-02-08 | $3 | 18 | 19 | 0.06 |
| 2023-02-08 | $3 | 18 | 19 | 0.06 |
| 2023-02-08 | $3 | 18 | 19 | 0.06 |
Natural Gas Historical price
- In 2017 maximum price $3 per bbl (2017-12-28)
- In 2018 maximum price $3 per bbl (2018-12-28)
- In 2019 maximum price $2 per bbl (2019-12-30)
- In 2020 maximum price $2 per bbl (2020-12-30)
- In 2021 maximum price $4 per bbl (2021-12-31)
- In 2022 maximum price $5 per bbl (2022-12-29)
- In 2023 maximum price $2 per bbl (2023-02-18)
Natural Gas vs Crude Oil: A Comprehensive Comparison
Energy sources play a vital role in powering the world and driving economic growth. Natural gas and crude oil are two of the most commonly used fuels in the world. In this article, we will compare natural gas and crude oil and provide a comprehensive overview of the differences between the two fuels.
Natural Gas: An Overview
Natural gas is a fossil fuel that is primarily composed of methane, along with small amounts of other gases. It is obtained through drilling and extraction from underground reservoirs. Natural gas is primarily used for heating, electricity generation, and as a fuel for vehicles and industrial processes.
One of the key benefits of natural gas is that it is a relatively clean-burning fuel, producing fewer emissions than coal and oil when burned. Additionally, natural gas is abundant, and the technology for extracting and using it has improved significantly in recent years, making it more accessible and cost-effective.
Crude Oil: An Overview
Crude oil, also known as petroleum, is a fossil fuel that is composed of a mixture of hydrocarbons. It is extracted from underground reservoirs and refined to produce various petroleum products, including gasoline, diesel, and jet fuel.
Crude oil is a versatile fuel that is used for a wide range of purposes, including transportation, heating, and electricity generation. It is also used as a raw material in the production of chemicals and plastics. Despite its widespread use, crude oil is a finite resource and its extraction and use have significant environmental impacts.
Natural Gas vs Crude Oil: A Comparison
Availability and Accessibility
One of the key differences between natural gas and crude oil is their availability and accessibility. Natural gas is widely available in many countries and is becoming increasingly accessible with the development of new technologies for extraction and transportation. Crude oil, on the other hand, is primarily concentrated in a limited number of countries, and its extraction and transportation can be more challenging and expensive.
Environmental Impact
The environmental impact of natural gas and crude oil is another key difference between the two fuels. Natural gas is considered a cleaner-burning fuel than crude oil, producing fewer emissions when burned. Additionally, the extraction and transportation of natural gas have fewer environmental impacts than crude oil.
Crude oil, on the other hand, is a highly polluting fuel, and its extraction and transportation can have significant environmental impacts, including the release of greenhouse gases, oil spills, and habitat destruction.
Cost
The cost of natural gas and crude oil can vary greatly depending on a number of factors, including availability, transportation costs, and market demand. In general, natural gas is considered to be a more cost-effective fuel than crude oil, due to its abundance and lower extraction and transportation costs.
Versatility
Both natural gas and crude oil are versatile fuels that can be used for a wide range of purposes. However, crude oil is considered to be the more versatile of the two fuels, as it can be refined into a range of petroleum products, including gasoline, diesel, and jet fuel.
Conclusion
In conclusion, natural gas and crude oil are two of the most commonly used fuels in the world. They each have their own unique advantages and disadvantages, including availability, environmental impact, cost, and versatility. Ultimately, the choice between natural gas and crude oil will depend on a number of factors, including availability, cost, and the specific needs of the user.
Frequently Asked Questions
- What is the primary difference between natural gas and crude oil?
Natural gas is a clean-burning fossil fuel primarily composed of methane, while crude oil is a mixture of hydrocarbons that requires refining to produce various petroleum products. Natural gas is widely available and has fewer environmental impacts than crude oil, but crude oil is more versatile and can be refined into a range of products.
- What is natural gas used for?
Natural gas is primarily used for heating, electricity generation, and as a fuel for vehicles and industrial processes. It is considered a clean-burning fuel that produces fewer emissions than coal and oil when burned.
- What is crude oil used for?
Crude oil is a versatile fuel that is used for a wide range of purposes, including transportation, heating, and electricity generation. It is also used as a raw material in the production of chemicals and plastics.
- What are the environmental impacts of natural gas and crude oil?
Natural gas is considered a cleaner-burning fuel than crude oil, producing fewer emissions when burned and having fewer environmental impacts during extraction and transportation. Crude oil, on the other hand, is a highly polluting fuel, and its extraction and transportation can have significant environmental impacts, including the release of greenhouse gases, oil spills, and habitat destruction.
- Is natural gas cheaper than crude oil?
The cost of natural gas and crude oil can vary greatly depending on a number of factors, including availability, transportation costs, and market demand. In general, natural gas is considered to be a more cost-effective fuel than crude oil due to its abundance and lower extraction and transportation costs. However, this can vary depending on the specific market conditions.
In summary, natural gas and crude oil are two important energy sources with different advantages and disadvantages. By considering factors such as availability, cost, environmental impact, and versatility, you can make an informed decision about which fuel is best for your needs.
Sources
The information contained in this article was compiled from a variety of reputable sources, including government agencies, academic journals, and industry reports. For more information on natural gas and crude oil, we recommend the following resources:
- U.S. Energy Information Administration (EIA) - https://www.eia.gov/
The EIA is the go-to source for comprehensive information on energy production, consumption, and prices in the United States. They regularly publish reports on natural gas and crude oil, providing data on production and consumption, prices, and more.
- Environmental Protection Agency (EPA) - https://www.epa.gov/
The EPA is responsible for protecting human health and the environment by regulating various sources of pollution, including air and water pollution caused by the production and use of natural gas and crude oil. They provide information on the environmental impacts of these fuels and the regulations in place to minimize these impacts.
- International Energy Agency (IEA) - https://www.iea.org/
The IEA is an international organization that provides data, analysis, and recommendations on energy policy and markets. They publish regular reports on the state of the energy sector, including information on natural gas and crude oil production, consumption, and prices.
These resources can provide more in-depth information on natural gas and crude oil, as well as provide a better understanding of the wider energy sector. By accessing this information, you can make informed decisions about these important energy sources.
