Increasing capacity for gas-fired electric generation, growing domestic consumption and new export capabilities will all contribute to increasing Henry Hub spot prices this year, though the expected average — $3.43/MMBtu — may not be as high as previously forecast, according to the Energy Information Administration (EIA).
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EIA Slashes NatGas Price Forecast: $2.25/MMBtu in 2016, $3.02/MMBtu in 2017
Energy Information Administration (EIA) price forecasts for the next two years turned downward Tuesday when the agency said a warmer-than-normal winter, record inventory levels and production growth all weighed on prices. Forecasts had been firming recently.
March 9, 2016
NatGas Price Forecast Firming: $2.64/MMBtu in 2016, $3.22MMBtu in 2017, EIA Says
Because natural gas withdrawals from storage have picked up with January’s colder temperatures and U.S. production tailed off a bit in November, the Energy Information Administration (EIA) said Tuesday it has decided to leave its price forecasts for the next two years almost unchanged: $2.64/MMBtu this year and $3.22/MMBtu next year.
February 10, 2016
EIA Says China Becoming World’s Largest Net Oil Importer
The U.S. Energy Information Administration (EIA) said China is projected to pass the United States and become the world’s largest net importer of oil — on a monthly basis by October, and on an annual basis by 2014.
August 12, 2013
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