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Although a large part of the global demand increase was met by renewables, consumption of naturalgas, coal, and nuclear also rose with the higher demand, according to the agency. As a result of higher power consumption, naturalgas saw the strongest increase in demand among fossil fuels in 2024.
Since Wednesday, August 29, naturalgas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Commodity Price or Volumes Change since last % Change NaturalGas Spot (Henry Hub) $5.81/MMBtu NaturalGas in Storage 3,005 Bcf UP 36 Bcf 10.4%
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