EIA Slashes Henry Hub Estimate to Avg $2.80 This Winter – Dec. STEO

Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Last month, the report predicted the price for Henry Hub natural gas futures would average $3.40 this winter (see EIA Predicts Henry Hub to Avg $3.40 This Winter – Nov. STEO). The latest monthly report, issued Tuesday, slashes that number all the way down to $2.80 (down 18%). A warm start to winter coupled with record-high production is cited as the reason for the change.

---

To view this content, log into your member account. (Not a member? Join Today!)