eia henry hub

The agency raised its gas consumption estimates 0.51 Bcf/d to 105.05 Bcf/d for Q1, but kept its Q2 demand forecast roughly flat, lowering it only 0.01 Bcf/d to 74.7 Bcf/d. The increased prices come amid expectations of natural gas demand recovery in those markets and potential LNG supply reductions because of outages at several LNG export facilities in the Pacific Basin and Atlantic Basin. Historical Henry Hub gas prices with 24 month forecasts from the January STEO of each year starting in 2012 and ending in 2015 using the base case data. Uranium fuel, nuclear reactors, generation, spent fuel. EIA’s … EIA expects production to begin rising in second-quarter 2021 in response to higher natural gas and crude oil prices. The countries will need to replace lost import volumes and make up for a larger supply gap as domestic production will be insufficient. EIA: Henry Hub price continues to rise. Bolivian gas will become a scarce commodity in coming years, presenting a challenge for Argentina and Brazil. In 2019, natural gas spot price at Henry Hub averaged $2.57 per MMBtu, down 18 percent from 2018 levels. EIA lowers H2 2019 Henry Hub price forecast, releases regional power data Author Maya Weber; Editor Zac Aiuppa; Commodity Electric Power, Natural Gas; Author; Maya Weber; Editor; Zac Aiuppa; Commodity; Electric Power, Natural Gas; Washington — Citing late-July natural gas price decreases and expectations of production growth, the US Energy Information Administration on Tuesday lowered its Henry Hub … But EIA expects dry gas production growth to slow in 2020 because of "the lag between changes in price and … In 2019, the value of selected energy imports—crude oil, petroleum products, and natural gas—fell to $13 billion. The Organization of the Petroleum Exporting Countries and allied oil producers including Russia (OPEC+) agreed to increase collective oil output by 500,000 b/d from January 2021 and will meet monthly thereafter to discuss further adjustments. The EIA is still guiding for Henry Hub spot prices to average $2.11/MMBtu as it did in March, but expects prices to head higher next year and average $2.98 because of lower production. EIA: some Appalachian spot gas prices are well below Henry Hub October 16, 2014 Some natural gas prices at trading hubs in the Appalachian Basin’s Marcellus Shale play are trading well below the national benchmark spot price at the Henry Hub in Louisiana, the U.S. EIA said in a report. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. Henry Hub spot prices are expected to rise to a monthly average of $3.42/MMbtu in January 2021, the US Energy Information Administration noted in its the latest Short-Term Energy Outlook. Historical Henry Hub gas prices with 24 month forecasts from the January STEO of each year starting in 2012 and ending in 2015 using the base case data. According to the short-term energy outlook by EIA, natural gas spot prices at Henry Hub will average $2.33 per million British thermal units (MMBtu) in 2020 and $2.54 per MMBtu in 2021. In 2021, EIA expects higher monthly averages for Henry Hub natural gas spot prices: $3.01 per million British thermal units, compared to … Permian Basin differential to the Henry Hub narrows. The Henry Hub average daily natural gas spot price has hit its lowest level since December 1998. "Weekly U.S. Henry Hub Natural Gas Prices from December 20, 2019 to November 20, 2020 (in U.S. Nov 16th, 2020. Platts AGS The decline in total consumption reflects less heating demand in early 2020, contributing to residential demand in 2020 averaging 13.2 bcf/d (down 0.6 bcf/d from 2019) and commercial demand in 2020 averaging 8.8 bcf/d (down 0.9 bcf/d from 2019). Q4 Henry Hub spot forecast up 25 cents to $2.93/MMBtu. Henry Hub spot prices are expected to rise to a monthly average of $3.42/MMbtu in January 2021 because of rising domestic demand for natural gas for space heating, rising US LNG exports, and reduced production, the US Energy Information Administration noted in its the latest Short-Term Energy Outlook. Statista. We are at the lowest price ever (Henry Hub prices). By the fall, EIA expects low prices to lead to further declines in natural … Yesterday, the price at the Waha Hub averaged $2.52/MMBtu, 15¢/MMBtu lower than the Henry Hub price. The price of Natural gas notably spiked in February of 2003 when there was a large shortage in natural gas. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. The Henry Hub price averaged $2.61/MMBtu in November, up 22 cents from October, EIA said, noting the increase was "moderated by significantly warmer-than-normal [weather], which reduced residential space heating demand for natural gas despite many remaining at home in response to the pandemic." EIA: Henry Hub spot gas prices to reach $3.4/MMbtu in January. Natural gas spot prices at Henry Hub are poised to ascend to an average $3.42/MMBtu in January on a combination of space heating demand, rising liquefied natural gas … EIA expects that monthly average spot prices will remain higher than $3.00/MMbtu throughout 2021, averaging $3.14/MMbtu for the year, up from a forecast average of $2.14/MMbtu in 2020. US EIA revises Henry Hub price estimates. EIA expects that rising domestic demand and demand for LNG exports heading into winter, combined with reduced production, will cause Henry Hub spot prices to rise to a monthly average of $3.40/MMBtu in January 2021. U.S. However, because EIA forecasts less US natural gas production this winter than last winter, EIA forecasts that inventory draws will outpace the 5-year average during the heating season (October–March) and end March 2021 at 1.5 tcf, which would be 16% lower than the 2016–20 average. Crude futures are soaring following surprising news from Pfizer and German partner BioNTech about promising results from its COVID-19-vaccine program. EIA: Henry Hub price in Aug flat. Maps by energy source and topic, includes forecast maps. EIA forecasts that US LNG exports will be above pre-COVID levels in November 2020, averaging 8.5 bcf/d, and will average 8.4 bcf/d in 2021, a 31% increase from 2020. The LNG Japan/Korea … Washington — Rising domestic demand for natural gas and improved LNG exports heading into the winter are likely to combine with declining production to push up Henry Hub spot prices to average $3.38/MMBtu in January 2021, the US Energy Information Administration said Oct. 6. The US Energy Information Administration (EIA) expects natural gas prices to stay low in the coming months before eventually increasing by the end of 2020. Energy use in homes, commercial buildings, manufacturing, and transportation. While a colder-than-average November pushed Henry Hub prices up to $2.64/MMBtu, "EIA expects US benchmark Henry Hub spot prices to average $2.45/MMBtu in 2020, down 14 cents from the 2019 average, as US production continues at a record level," said EIA Administrator Linda Capuano. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. The Henry Hub spot price in the United States in the week ending September 21 rose 10¢ from last Wednesday, the Energy Information Administration said in its weekly report. Some natural gas prices at trading hubs in the Appalachian Basin’s Marcellus Shale play are trading well below the national benchmark spot price at the Henry Hub in Louisiana, the U.S. EIA said in a report. Solve More. […] U.S. natural gas benchmark Henry Hub prices tracked nearly $1 below year-ago levels in the first half of the year, averaging only $1.81/MMBtu, according to the Energy Information Administration (EIA). However, by the end of the month, spot prices had fallen below $2.30/MMBtu. The January 2012 forecast missed the sharp reduction in prices from the winter … In its July 2020 Short-Term Energy Outlook (STEO), EIA forecasts the Henry Hub natural gas spot price for the second half of this year will average $2.05/MMBtu. June 24, 2016 Natural gas spot prices at the Henry Hub in the United States are continuing to increase, the Energy Information Administration said in its weekly report. If OPEC+ output increases as planned in January 2021, the world will face a new 200-million-bbl surplus through May 2021, according to Rystad Energy data. In October, the Henry Hub natural gas spot price averaged $2.39/MMbtu, up from an average of $1.92/MMbtu in September. This week, Henry Hub natural gas active futures have fallen 13.8%. Prices will increase in coming months, the Dec. 8 report said, because of “rising space heating demand and rising U.S. liquefied natural gas (LNG) exports amid declining U.S. natural gas production.” EIA expects total U.S. electricity consumption to rise by … But, "EIA expects that rising demand heading into winter, combined with reduced production, will increase Henry Hub natural gas spot prices to $3.38/MMBtu in January 2021." Chart. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021. The expected decline in 2021 is the result of rising natural gas prices that will reduce demand for natural gas in the electric power sector. Henry Hub prices this year, on the other hand, are expected to average just $2.04/MMBtu, according to EIA’s latest Short-Term Energy Outlook (STEO), which was released Tuesday. The Henry Hub natural gas spot price in the United States averaged $2.82/MMBtu in August, unchanged from the July average, according to the Energy Information Administration. The Henry Hub natural gas spot price averaged $2.37/million British thermal units in July, down 3 cents/MMBtu from June. Greenhouse gas data, voluntary reporting, electric power plant emissions. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. US petroleum demand, as measured by total domestic petroleum deliveries, was 18.8 million b/d and reflected a 5.5% increase from September but a decrease of 9% compared with October 2019, according to API's latest monthly statistical report. Concurrently, the New York Mercantile Exchange (Nymex) … Cameron LNG resumed LNG exports in October after being shut down following Hurricane Laura and Hurricane Delta. EIA: Henry Hub spot gas prices to reach $3.4/MMbtu in January. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Citing Natural Gas Intelligence data, U.S. Energy Information Administration notes that the Henry Hub reached $1.38 per million British thermal units (MMBtu) on June 16, 2020, the lowest daily Henry Hub price without adjusting for inflation and in nominal dollars since December 1998. Although EIA still expects prices to increase in the … September 12, 2018 The U.S. Energy Information Administration has changed its forecast for Henry Hub natural gas spot prices this year as LNG exports produced from shale gas continue to rise. Reports requested by congress or otherwise deemed important. In its latest Short-Term Energy Outlook released on Tuesday, the agency said Henry Hub gas prices would average $2.99 per million British thermal units in 2018 and […] The Henry Hub price averaged $2.61/MMBtu in November, up 22 cents from October, EIA said, noting the increase was "moderated by significantly warmer-than-normal [weather], which reduced residential space heating demand for natural gas despite many remaining at home in response to the pandemic." Sign up for email subcriptions to receive messages about specific EIA products. Cove Point LNG completed its scheduled three-week annual maintenance and resumed LNG exports in mid-October. Short, timely articles with graphics on energy, facts, issues, and trends. EIA: Henry Hub spot gas prices to reach $3.4/MMbtu in January . The natural gas basis reflects the difference between the price of … State energy information, including overviews, rankings, data, and analyses. Energy & Financial Markets: What Drives Crude Oil Prices? In 2021, EIA expects higher monthly averages for Henry Hub natural gas spot prices: $3.01 per million British thermal units, compared to $2.07/MMBtu for 2020. Joe Biden offered American voters a different vision of energy policy from President Donald Trump, Wood Mackenzie said, but his goals could be limited as it appears Republicans are likely to retain control of the Senate. Germany’s gas demand is set to increase to more than 110 bcm by 2034 from its current level just above 90 bcm/year (bcmy), but as future supplies from Norway and the Netherlands dwindle, new imports must be sourced. EIA. Financial market analysis and financial data for major energy companies. Courtesy of EIA. The price at the Waha Hub in West Texas, which is located near Permian Basin production activities, averaged $2.25/MMBtu last Wednesday, 20¢/MMBtu lower than the Henry Hub price. About the … EIA’s lowered forecast for benchmark Henry Hub follows a stretch of milder weather that saw November spot prices at the benchmark average $2.61, up slightly from the October average of $2.39. A hot summer and production declines have put some upward pressure on natural gas prices, although prices remain low enough to support significant natural gas-fired generation, the EIA said […] In the forecast, monthly average production falls from a record 97.0 bcf/d in December 2019 to 87.0 bcf/d in April 2021 before increasing slightly. EIA expects that total US consumption of natural gas will average 83.7 bcf/d in 2020, down 1.7% from 2019. Dollars per Million British Thermal Units)." Henry Hub spot prices are forecast now to average $2.14/MMBtu this year, EIA said in its latest Short-Term Energy Outlook (STEO), which was released Tuesday. The January 2012 forecast missed the sharp reduction in prices from the winter to summer that were driven by high storage volumes. Higher natural gas spot prices reflected stronger demand for LNG exports as LNG terminals increased liquefaction following hurricane-related disruptions in August and September. Citing Natural Gas Intelligence data, U.S. Energy Information Administration notes that the Henry Hub reached $1.38 per million British thermal units (MMBtu) on June 16, 2020, the lowest daily Henry Hub price without adjusting for inflation and in nominal dollars since December 1998. Over the past month, spot prices at many Appalachian hubs have dropped below $2 per million British thermal units […] EIA expects that monthly average spot prices will remain higher than $3.00/MMbtu throughout 2021, averaging $3.14/MMbtu for the year, up from a forecast average of $2.14/MMbtu in 2020. The prices have risen from $1.79 per million British thermal unit (MMBtu) on May 27, 2016, to $2.78/MMBtu as of June 22, the EIA said. Source: EIA STEO . The EIA is still guiding for Henry Hub spot prices to average $2.11/MMBtu as it did in March, but expects prices to head higher next year and average $2.98 because of lower production. EIA forecasts that Henry Hub natural gas spot prices will average $2.50 per million British thermal units (MMBtu) in the second half of 2019 and $2.77/MMBtu in 2020. Energy-Related Carbon Dioxide Emissions, Energy-Related Carbon Dioxide Emissions at the State Level, 2005-2016, Energy-Related Carbon Dioxide Emissions at the State Level, through 2017, U.S. Oil and Natural Gas Wells by Production Rate, Monthly Crude Oil and Natural Gas Production ›, Midwest and Rocky Mountain Transportation Fuels Markets, East Coast and Gulf Coast Transportation Fuels Markets, U.S. Henry Hub natural gas spot prices reached record lows in the first half of 2020, U.S. natural gas production reaches a new record despite low prices, Summer natural gas prices on track to be the lowest in more than 20 years, November U.S. natural gas prices increased beyond previous market expectations, Natural gas storage likely to enter winter at lowest levels since 2005, Summer natural gas price spreads between Henry Hub and Appalachian region have narrowed, Permian region natural gas prices fall as production continues to grow, Natural gas pipeline projects lead to smaller price discounts in Appalachian region, Natural gas prices in 2016 were the lowest in nearly 20 years. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. Includes hydropower, solar, wind, geothermal, biomass and ethanol. The increase in crude oil prices is expected to raise associated gas production from oil-directed wells in late-2021, especially in the Permian region. After a challenging year, refining news is turning more positive. Consolidation among independent oil and gas companies will accelerate in the face of energy transition, according to Wood Mackenzie. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021. The Henry Hub spot price rose from $3.04/million British thermal units (MMBtu) last Wednesday to $3.14/MMBtu two days ago, the EIA said in its report issued on … Average 87.9 bcf/d in 2021, a 5.2 % decline from 2020 Wood Mackenzie US consumption of natural gas are. Buildings energy consumption Survey ( RECS ), commercial buildings energy consumption Survey RECS... 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