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 ...
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...
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 ...
(NBP) Virtual Trading Point, operated by National Grid, the transmissions system operator in the UK. Delivery is made equally each day throughout the delivery period. Futures are available for trading in the Intercontinental Exchange Inc. (ICE). Our natural gas market prices are intended to ...
Natural gas prices are the highest in the residential sector. In 2023, U.S. households paid an all time high average of 15.2 U.S. dollars per 1,000 cubic feet. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around four U...
Production fell about 13% this year through August on an annual basis, and a similar rate is possible for all of 2024, said Ross Dornan, market intelligence manager at Offshore Energies UK. That compares with a 10% decline forecast earlier this year for the UK’s aging North Sea basin...
Peak wind power generation is forecast at 16.4 gigawatts up from around 7 GW the previous day, Elexon data showed. “The outlook for the remainder of this week remains bearish with soft demand forecast and the recovery of Norwegian flows toward the end of the week as the ongoing maintena...
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 (...
British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fueled by China dumping coal.
OPEC’s positive demand forecast for 2024-2025 supports Oil market stability. Red Sea disruptions and geopolitical tensions underpin oil price resilience. Quick Fundamental Outlook Rising oil production in the U.S. and busy pipelines to the Gulf Coast are pushing up the prices of...