The U.S. Energy Information Administration (EIA) is cutting its projected average Henry Hub natural gas spot price to $2.20/ MMBtu for 2024, down 5.2% from the $2.30 average price the agency modeled a month earlier. In the April release of its Short-Term Energy Outlook (STEO), published...
The US Energy Information Administration (EIA)expectsthat the United States will generate more electricity from renewables and coal in the second half of this year, as electricity demand and natural gas prices increase. In its July Short-Term Energy Outlook (STEO), EIA forecasts that natural gas ...
Figure 2. U.S. natural gas comparative inventory (C.I.) correlates inversely with price. A two-year C.I. surplus limits the upward potential for price. Source: EIA & Labyrinth Consulting Services, Inc. Figure 3 shows the same data but as a cross plot. The dashed red “yield curve” ...
Henry Hub natural gas prices are expected to average $2.94 per million British thermal unit (MMBtu) in 2023, the EIA reported in its April Short-Term Energy Outlook on April 11. The new price was down more than 2.5% from the EIA’s March outlook, which expected Henry Hub gas pric...
Natural gas price transparency and key news, insights, and price index data for the North American energy markets
Price Trends and Production Outlook Natural gas prices dipped to their lowest since June 2020 on February 27, but the EIA forecasts a surge in U.S. gas usage in 2024. Concurrently, production is projected to decrease, marking the first decline since 2020. ...
The EIA said US gas storage was left at its lowest level in three years at the end of winter due to the particularly high demand for heating. Now, in a complete reversal, unusually warm weather in many parts of the US is also contributing to higher prices through the increased use of ...
TheU.S. Energy Information Administration(EIA) estimates US natural gas consumption to reach record levels in 2022 partly because of increased natural gas use in the electric power sector, according to our JanuaryShort-Term Energy Outlook(STEO). The EIA estimates that domestic ...
According to the EIA, several factors contributed to higher natural gas commodity prices: Widespread, below-normal temperatures on much of the West Coast, including Washington and Oregon; High natural gas demand for heating by customers in areas with below normal temperatures; Reduced natural gas ...
The domestic factors consist of supply and demand, regulation, the natural gas liquids markets and recent LNG exports. Refer tohttps://www.eia.gov/for more information. The Anderson–Darling test is a goodness-of-fit test that allows to test for the hypothesis that a sample random variable ...