natural gas forecast

With storage refilling at a faster-than-expected clip ahead of winter, the U.S. Energy Information Administration (EIA) has slashed its projected natural gas spot price for the remainder of 2022 and the first quarter of 2023. In its latest Short-Term Energy Outlook (STEO), published Tuesday, the agency said it now expects Henry Hub spot prices to…

With storage refilling at a faster-than-expected clip ahead of winter, the Energy Information Administration (EIA) has slashed its projected natural gas spot price for the remainder of 2022 and the first quarter of 2023. EIA now expects Henry Hub spot prices to average around $6/MMBtu for 4Q2022 and 1Q2023, a discount of more than $1…

North America in 2050 is likely to remain “heavily reliant” on natural gas, creating a hurdle in the transition to net-zero carbon emissions, according to experts Renewables in the United States and Canada overall are forecast to comprise “only 34% of primary energy consumption” by mid-century, DNV researchers said in their report, Energy Transition Outlook…

Harsh winter freezes could propel natural gas across large swaths of the northern United States this winter, while unrelenting drought conditions in the West could result in weaker hydropower and drive more gas demand for cooling in California and the Southwest next spring when temperatures rise. Across most of the southern United States, however, winter…

With a strong third quarter performance and expectations for a repeat in the final three months, Williams said Thursday it should be “near the high end” of previous guidance for 2022. Net income for this year is forecast at $1.75 billion to $1.95 billion. The guidance holds firm from early August, “despite recent market weakness,”…

Brent crude oil prices will average $108/bbl in the second half of 2022 as low global inventory levels heighten potential volatility and as geopolitical actions increase uncertainty, the Energy Information Administration (EIA) said in an updated forecast Tuesday. The global crude benchmark, which averaged $113 in May, is expected to fall to $97 in 2023,…

If U.S. natural gas infrastructure is not expanded to meet growing demand, prices would escalate and more electricity generation is likely from renewables, coal and nuclear sources over the next three decades, according to federal researchers. In the U.S. Energy Information (EIA) Annual Energy Outlook 2022 (AEO2022) issued in March, the reference case – the…

Natural gas futures climbed back into positive territory on Friday amid updated forecasts for freezing conditions to extend into next month and expectations for stout withdrawals from storage. The February Nymex gas futures contract settled at $3.999, up 19.7 cents day/day. March rose 13.3 cents to $3.782. NGI’s Spot Gas National Avg., in contrast, shed…

Commitments to responsibly produce U.S. natural gas surged in 2021, and this year is expected to be even better, as the energy world works to reduce emissions, according to experts.