EIA forecast

In a winter expected to feature flattish consumption versus year-earlier levels, households heating with natural gas should pay around 20% less for fuel during the upcoming heating season, according to the U.S. Energy Information Administration (EIA).  Lower wholesale natural gas prices year/year will drive the decrease in energy costs for homes heated with the fuel,…

The U.S. Energy Information Administration (EIA) has raised its Henry Hub spot price forecast for 4Q2023 to $3.03/MMBtu, though the agency spotlighted storage levels that remain on the high side of historical norms.   EIA in its latest Short-Term Energy Outlook modeled a Henry Hub spot price of $3.31 for 1Q2024, which would compare bullishly to…

Primary energy use will increase globally through 2050 in all cases examined in updated projections from the U.S. Energy Information Administration (EIA), pointing to a rise in North American natural gas production and exports to help meet the growing demand. Meanwhile, greater adoption of non-fossil fuel-based energy resources such as nuclear and renewables will likely…

Driven by declines from the Appalachian Basin and the Haynesville Shale, combined natural gas output from seven key Lower 48 regions will trend lower from September to October, according to updated modeling from the U.S. Energy Information Administration (EIA). Combined natural gas output from the seven regions — a group that also includes the Anadarko…

Coming off a record-setting summer driven by new highs in power generation demand, domestic natural gas prices will strengthen through the remainder of 2023 and into 2024, according to updated modeling from the U.S. Energy Information Administration (EIA). In its latest Short-Term Energy Outlook (STEO), EIA modeled an average Henry Hub spot price of $2.55/MMBtu…

Natural gas production from seven key onshore Lower 48 regions will ease lower from August to September but remain above 98 Bcf/d, according to the latest modeling from the U.S. Energy Information Administration (EIA). Total natural gas output from the Anadarko, Appalachia and Permian basins, as well as from the Bakken, Eagle Ford, Haynesville and…

Henry Hub natural gas spot prices will climb back above the $3/MMBtu threshold on average next year, though associated output from the Permian Basin will keep production elevated, according to updated projections from the U.S. Energy Information Administration (EIA). Domestic production is expected to remain at “relatively high levels” throughout 2023 even as natural gas…

Natural gas prices will rise this summer as power sector demand increases and production growth slows, according to updated projections from the Energy Information Administration (EIA). After averaging $2.15/MMBtu in May, Henry Hub spot prices will climb to an average of slightly above $2.60 for 3Q2023, EIA said in its latest Short-Term Energy Outlook (STEO),…

Natural gas production growth from seven key Lower 48 regions will slow — but not stall — from May to June, adding 256 MMcf/d sequentially to crest the 97 Bcf/d mark, updating modeling from the Energy Information Administration (EIA) shows. EIA’s latest projections, published in its Drilling Productivity Report Monday, reflect a reduced sequential natural…