Sept. STEO Predicts NatGas Price to Stay Down Near $2 This Fall

Once a month, the 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. Starting in June, the EIA axed its monthly Drilling Productivity Report that focused on shale plays and instead rolled it into the monthly STEO (see Biden EIA Dumps Detailed Monthly U.S. Shale Drilling Report). We’re still grumbling about the change. So, what did the September 2024 STEO, issued yesterday, show? The EIA has lowered its estimation of the average price of natural gas for both this year and next.

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