Commodity Origins

Crude oil vs Natural gas

Crude oil's biggest producer is United States (21%, 2025); Natural gas's is United States (26%, 2025). Crude oil is currently $90.9/bbl, Natural gas $2.77/MMBtu. Their monthly price moves have only weakly tracked each other over the 799 months compared (r = 0.13).

Crude oil compared with Natural gas
Crude oilNatural gas
CategoryEnergyEnergy
Top producerUnited States (21%, 2025)United States (26%, 2025)
World production100,590 thousand barrels daily4,196 billion cubic metres
Top exporterSaudi Arabia (14%, 2024)United States (18%, 2024)
Latest price$90.9/bbl (August 2026)$2.77/MMBtu (August 2026)
12-month change+33%-5%

Price since January 1960, rebased to 100

Each price divided by its own January 1960 value and multiplied by 100, so the two can share one chart regardless of unit. Starts at January 1960 because that is the later of the two series' first published month.

Crude oil vs Natural gas monthly prices, index, Jan 1960 to Aug 2026Line chart of crude oil vs natural gas monthly prices in index from Jan 1960 to Aug 2026: Crude oil from 100 to 5,681, peaking at 8,369; Natural gas from 100 to 1,979, peaking at 9,657.02,0004,0006,0008,00010,00019601965197019751980198519901995200020052010201520202025index
Crude oilNatural gas

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Production: FAOSTAT, USGS Mineral Commodity Summaries or the Energy Institute Statistical Review, whichever each commodity page cites. Trade: CEPII BACI, primary HS line. Prices: World Bank Pink Sheet, monthly averages, not investment advice.