EIA anticipates a winter average of $3.40/MMBtu for Henry Hub spot prices

U.S. natural gas inventories totaled 3,835 billion cubic (Bcf) feet at the end of October, 6% more than the five-year (2018–2022) average. The latest EIA short term energy outlook forecasts U.S. natural gas inventories will end the winter heating season (November–March) 21% above the five-year average with almost 2,000 Bcf in storage. Inventories are full because of high natural gas production and warmer-than-average winter weather, which reduces demand for space heating in the commercial and residential sectors. We forecast the Henry Hub spot price to average near $3.20 per million British thermal units (MMBtu) in November, down from a price […]

This report is for subscribers only Start with a FREE 30-day trial and then save up to 22% with an annual subscription. Get instant access to over 1,700 reports. Cancel anytime.
Already a subscriber ? Log in

Related Posts

Trending Posts

Recent Post

Welcome Back!

Login to your account below

Retrieve your password

Please enter your username or email address to reset your password.

Energise Your Wednesday!

SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. EVERY WEDNESDAY!