The Energy Information Administration (EIA) sees spot wellhead prices for natural gas, which currently are hovering around $2-$2.20/Mcf, averaging just under $1.90/Mcf for the rest of the year due to a weakened economy, slower industrial demand and bulging inventories. This would be less than half of the spot price that existed during 2001.
Averaging
Articles from Averaging
EEA Sees Henry Hub Gas Averaging Nearly $5 for Winter
The probability that Henry Hub natural gas will average $5/MMBtuduring this winter heating season is 50%, while the chance forprices rising to $6/MMBtu is 20% if the weather is 5% colder thanaverage, according to Energy and Environmental Analysis Inc. (EEA).
November 13, 2000
SSB Sees 4Q Gas Averaging $5.00
It doesn’t matter whether forecasters’ predictions of an earlycold winter materialize or not. Under any short-termweather/storage scenario, Salomon Smith Barney (SSB) continues tobe very bullish on the outlook for natural gas prices.
October 23, 2000
SSB Sees 4Q Gas Averaging $5.00
It doesn’t matter whether forecasters predictions of an earlycold winter materialize or not. Under any short-termweather/storage scenario, Salomon Smith Barney (SSB) continues tobe very bullish on the outlook for natural gas prices.
October 23, 2000
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