Low natural gas prices so far this summer have resulted in increased natural gas consumption by electric power plants (power burn) because natural gas has become more competitive for electricity generation compared to competing fuel sources, such as coal. The average daily power burn is up about ...
Natural Gas Natural gas spot prices at Henry Hub likely will exceed $6.00 an MMBtu in the first quarter of 2023, up from November’s monthly average of $5.50, EIA projects (Figure 3). The agency attributes the increase to higher winter natural gas demand and rising LNG exports. FIGURE ...
The US Energy Information Administration sharply loweredits Henry Hub spot natural gas price forecast for winter 2023-24,based on robust production and a warmer start to the seasonthat has cut space-heating demand estimates.The agency, in its December Short-Term Energy Outlook,estimated that the ...
driving down natural gas spot prices in both years and contributing to multiple monthlyrecord lowsset in 2024. Because we expect demand to exceed supply over the next two years, the natural gas spot price increases in our forecast, and natural gas inventories fall below rolling ...
The 2022 average wholesale US natural gas spot price at the Henry Hub was the highest in real and nominal terms since 2008, averaging US$6.45 per million Btu, according to data from Refinitiv Eikon. Daily prices reached a high of US$9.85/Btu on 22 August 2022 and a...
Published in: Daily Gas Price Index Filed under: Natural Gas Prices Share: Share this to LinkedIn Share this to Facebook Share this to Twitter Share this to Bluesky Share this to Threads After a three-day run, natural gas futures screeched to a halt Thursday after the latest r...
Texas Eastern S. TX dropped 9.0 cents to $2.575.Prices farther West also posted steeper losses. Northwest Sumas spot gas plunged 17.5 cents day/day to $3.160. The SoCal Border Avg. tumbled 54.0 cents to $3.565.Related Tags natural gas prices Snowstorm eia storage...
Natural gas prices.We expect the Henry Hub natural gas spot price to rise in the coming months to average $2.80 per million British thermal units (MMBtu) in 1Q25, following seasonal patterns during which prices typically rise during the winter. The monthly average Henry Hub daily spot price ...
“We expect Henry Hub prices will rise to an annual average of $3.22/MMBtu in 2021, and we forecast prices will average $3.00/MMBtu in 2022,” the reports states. Henry Hub spot prices averaged $2.03/MMBtu in 2020. After slipping by 2.2% in 2020, U.S. natural gas consumption is ...
EIA: Ethanol spot prices rise on rail congestion, cold weather "The growth outlook for liquid fuels use will be largely driven by demand in the developing world, especially in Asia and the Middle East," said EIA Administrator Adam Sieminski. "Those two regions combined account for 85% of the...