Steo

The U.S. Energy Information Administration (EIA) is slashing its projected 2024 average Henry Hub natural gas spot price by 14% versus its month-earlier forecast after observing record lows for the benchmark in February, the agency said Tuesday. EIA, in its latest Short-Term Energy Outlook (STEO), modeled an average Henry Hub price of $2.27/MMBtu for 2024,…

Henry Hub natural gas spot prices are set to remain subdued at around $2.40/MMBtu in February and March amid unusually mild weather, the U.S. Energy Information Administration (EIA) said in an updated forecast Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA said it expects Henry Hub spot prices to average $2.650 for full-year 2024,…

Henry Hub natural gas spot prices will average $2.60-2.70/MMBtu in 2024 before climbing further next year amid higher LNG exports and slowing production growth, the U.S. Energy Information Administration (EIA) said Tuesday. In its latest monthly Short-Term Energy Outlook (STEO), EIA called for a 2025 average Henry Hub natural gas spot price of $2.95. The…

The U.S. Energy Information Administration (EIA) is slashing its winter Henry Hub spot price forecast on a combination of elevated production and weak space heating demand for natural gas so far this season. EIA said in its latest Short-Term Energy Outlook (STEO) it now expects the national benchmark to average $2.80/MMBtu this winter, down 60…

The U.S. Energy Information Administration (EIA) is slashing its winter Henry Hub spot price forecast on a combination of elevated production and weak space heating demand for natural gas so far this season. EIA said in its latest Short-Term Energy Outlook (STEO) Tuesday it now expects the national benchmark to average $2.80/MMBtu this winter, down…

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…

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…

Henry Hub spot natural gas prices, on track to rise 19% month/month to average near $2.60/MMBtu in July, should continue to climb through the rest of 2023 amid strong power demand and flat production, according to updated modeling from the U.S. Energy Information Administration (EIA). Flat domestic production and a year/year increase in natural gas…

Domestic natural gas consumption for power generation this summer will be among the highest on record, second only to last summer, according to projections from the Energy Information Administration (EIA). In its latest Short-Term Energy Outlook (STEO), published last week, the agency said it expects U.S. natural gas consumption for electricity generation to average 38…