Oil prices exhibited volatility through the year, but found support on the back of ongoing production cuts from OPEC+ and steady demand recovery in key economies. US oil production isforecast to average13.2 million barrels a day in 2024, reflecting resilience despite challenges such as declining ri...
In the April release of its Short-Term Energy Outlook (STEO), published Tuesday, EIA said it expects spot prices at the national benchmark to average less than $2 during the second quarter. The anticipated price weakness reflects high storage inventories exiting the 2023-24 winter, according ...
March 2024: The world average price is USD 0.074 per kWh for household users and USD 0.065 per kWh for business users. Prices in the U.S. are about USD 0.04 per kWh for households and businesses. Elsewhere, Iran, Algeria, Russia, and several other countries with abundant domestic energy ...
The Energy Information Administrationprojectsthat average spot price of Brent crude oil will be $105.22 per barrel this year, a $22 difference compared to its original February forecast. As a result, many experts are expecting that gas prices could stay near or above $4 per gallon for the res...
Gas prices drop as millions hit the road Gas prices continue to fall as the nationwide average is now $3.05, down more than 20 cents from a year ago, and the lowest for this time of year since 2001. November 24, 2024 Additional Live Streams Live ABC News Live Live Mount Kilauea ...
GasBuddy's Summer Travel Forecast, coming out tomorrow, will also give motorists mostly good news for the rest of the summer, predicting that gas prices over the next few months will stay far under record levels and should continue trending lower as we g
Russia has made a downward revision to its forecast for natural gas exports for 2024-2026, data from Russia’s economy ministry showed on Friday. According to the Economy Ministry, Russia is now forecasting that its natural gas exports to countries outside the ex-Soviet Union ...
The Bloomberg median gas price forecast for 2025 and 2026 is $3.25 and $3.64 per million British thermal unit (MMBtu), respectively, as of January 2. This compares to a 2024 average of $2.41/MMBtu. For midstream, higher natural gas prices could drive more volumes for gathering and process...
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 (...
Summary Stats Forecast Alerts Export US natural gas futures fell over 6% to below $4/MMBtu, retreating from a two-year high as forecasts pointed to milder weather in February. The American weather model shifted significantly warmer overnight, reducing heating degree days (HDD) by 13. Prices ro...