US EIA slashes spot gas price forecast on warm start to winter, production gains
December 13, 2023 Comments Off
The US Energy Information Administration sharply lowered its Henry Hub spot natural gas price forecast for winter 2023-24, based on robust production and a warmer start to the season that has cut space-heating demand estimates. The agency, in its December Short-Term Energy Outlook, estimated that the benchmark Henry Hub spot prices will average about $2.80/MMBtu for the November-March period, marking…
US EIA slashes spot gas price forecast on warm start to winter, production gains
The US Energy Information Administration sharply lowered its Henry Hub spot natural gas price forecast for winter 2023-24, based on robust production and a warmer start to the season that has cut space-heating demand estimates. The agency, in its December Short-Term Energy Outlook, estimated that the benchmark Henry Hub spot prices will average about $2.80/MMBtu for the November-March period, marking…
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