Natural Gas Markets for Traders: A Quick Guide

 

A primary energy source, natural gas, may generate power, heat buildings, and provide cooling. It also fuels production and is a crucial component of industrial goods like medications and fertilizers. It is now one of the most traded commodities worldwide. This article discusses the natural gas market, including its definition, history as a commodity, and factors influencing its cost.

WHAT IS NATURAL GAS, AND HOW IS IT USED?

Natural gas, like coal and crude oil, is a fossil fuel created over millions of years from the decomposing remnants of living things that were squeezed under intense heat and pressure deep under the earth.

Natural Gas was first used as an energy source in 18th-century Britain. Still, in the 20th century, when the building of pipelines led to the opening of several new markets throughout the globe, it started to take off.

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