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Winter Demand, Slumping Production to Boost Henry Hub Prices in Coming Months, Says EIA

Winter Demand, Slumping Production to Boost Henry Hub Prices in Coming Months, Says EIA

Rising demand for natural gas heading into winter months, combined with reduced production, is likely to put upward pressure on prices, lifting the total 2020 Henry Hub spot price average to $2.03/MMBtu, with 2021 expected to average $3.14/MMBtu, according to the Energy Information Administration (EIA). That 2020 estimate, which is included in a Short-Term Energy…

August 11, 2020
Demand Slowdown Outpacing Natural Gas Production Decline, Keeping Lid on Prices, Says EIA

Demand Slowdown Outpacing Natural Gas Production Decline, Keeping Lid on Prices, Says EIA

Continuing economic sluggishness brought on by Covid-19 mitigation efforts is weighing down demand for natural gas, but there could be a price uptick on the horizon, according to the U.S. Energy Information Administration (EIA). Henry Hub spot prices are expected to average $2.46/MMBtu in 4Q2020, bringing the 2020 average to $1.93/MMBtu, EIA said in its…

July 7, 2020
Rising Demand, Production Declines to Push 2021 Henry Hub Price to $3.08, Says EIA

Rising Demand, Production Declines to Push 2021 Henry Hub Price to $3.08, Says EIA

Demand for natural gas is expected to increase next winter and production is expected to decline, causing upward pressure on prices and resulting in Henry Hub spot prices averaging $3.08/MMBtu in 2021, according to the Energy Information Administration (EIA).

June 10, 2020
EIA’s 2021 Henry Hub Price Forecast Leaps to $3.08 on Rising Demand, Production Declines

EIA’s 2021 Henry Hub Price Forecast Leaps to $3.08 on Rising Demand, Production Declines

Demand for natural gas is expected to increase next winter and production is expected to decline, causing upward pressure on prices, resulting in Henry Hub spot prices averaging $3.08/MMBtu in 2021, according to the Energy Information Administration (EIA).

June 9, 2020
Coronavirus Clouds Outlook, but EIA Still Sees Henry Hub at $2.11 This Year

Coronavirus Clouds Outlook, but EIA Still Sees Henry Hub at $2.11 This Year

The Energy Information Administration (EIA) said Tuesday domestic oil and natural gas production are likely to fall this year as the coronavirus takes a chunk out of demand at home and abroad, but the federal agency maintained the same gas price it forecast in March.

April 8, 2020
Coronavirus Clouds Outlook, but EIA Still Sees Henry Hub at $2.11 This Year

Coronavirus Clouds Outlook, but EIA Still Sees Henry Hub at $2.11 This Year

The Energy Information Administration (EIA) said Tuesday domestic oil and natural gas production are likely to fall this year as the coronavirus takes a chunk out of demand at home and abroad, but the federal agency maintained the same gas price it forecast in March.

April 8, 2020
Despite Mid-Year Bump, EIA Expects 2020 Natural Gas Prices to Average Just $2.11

Despite Mid-Year Bump, EIA Expects 2020 Natural Gas Prices to Average Just $2.11

An expected decline in domestic natural gas production and increased power sector demand will push prices to an average $2.22/MMBtu in 3Q2020, but Henry Hub spot prices will average just $2.11 for the full year, according to the Energy Information Administration (EIA).

March 11, 2020
Henry Hub Spot Price to Average o $2.21 in 2020, Says EIA

Henry Hub Spot Price to Average o $2.21 in 2020, Says EIA

Natural gas prices remain bogged down and, despite an expected upturn beginning in the second quarter, are likely to average only $2.21/MMBtu this year, according to the Energy Information Administration (EIA).

February 12, 2020
EIA Again Trims 2020 Natural Gas Price Forecast, to $2.21

EIA Again Trims 2020 Natural Gas Price Forecast, to $2.21

Natural gas prices remain bogged down and, despite an expected upturn beginning in the second quarter, are likely to average only $2.21/MMBtu this year, according to the Energy Information Administration (EIA).

February 11, 2020

Henry Hub Natural Gas Spot Price Forecast to Average $2.45 in 2020, Says EIA

Natural gas prices have gotten a recent boost from early winter temperatures, but Henry Hub spot prices are expected to average $2.45/MMBtu in 2020, down 14 cents from the 2019 average, according to the Energy Information Administration (EIA).

December 11, 2019
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