Already in decline, Australia’s oil and gas workforce saw a loss of over 28,000 jobs—one quarter of the country’s total count—due to the COVID-19 pandemic this year, according to Rystad Energy. 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 expected decline in 2021 is the result of rising natural gas prices that will reduce demand for natural gas in the electric power sector. […] 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). Have a question, comment, or suggestion for a future article? Reports requested by congress or otherwise deemed important. Sign up for email subcriptions to receive messages about specific EIA products. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021. Courtesy of EIA. EIA's free and open data available as API, Excel add-in, bulk files, and widgets. Cameron LNG resumed LNG exports in October after being shut down following Hurricane Laura and Hurricane Delta. 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. In 2019, the value of selected energy imports—crude oil, petroleum products, and natural gas—fell to $13 billion. Over the past month, spot prices at many Appalachian hubs have dropped below $2 per million British thermal units […] 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. EIA: Henry Hub price continues to rise. EIA estimates that total US working natural gas in storage ended October at almost 4.0 tcf, 5% more than the 5-year (2015–19) average and the second highest end-of-October level on record. According EIA’s forecasts, US dry natural gas production will average 91.0 bcf/d in 2020, down from an average of 93.1 bcf/d in 2019. Henry Hub: Henry: Northwest: Mid-C: Mid C Peak (from 2001) Malin: Malin: Northern California: NP-15: NP15 EZ Gen DA LMP Peak (from 2009) PG&E - Citygate: PG&E - Citygate: Southwest: Palo Verde: Palo Verde Peak (from 2001) Socal-Ehrenberg: Socal-Ehrenberg : Southern California: SP-15: SP15 Gen DA LMP Peak (from 2009) SP-15 Peak (2001 to 2009) Socal-Citygate: Socal-Citygate . Permian Basin differential to the Henry Hub narrows. "Weekly U.S. Henry Hub Natural Gas Prices from December 20, 2019 to November 20, 2020 (in U.S. 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. Capuano said. 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. 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. Q4 Henry Hub spot forecast up 25 cents to $2.93/MMBtu. 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. Quickly get in and out of positions with the third largest physical commodity futures contract in the world by volume. 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." Energy use in homes, commercial buildings, manufacturing, and transportation. EIA estimates that US exported 7.2 bcf/d of LNG in October, an increase of 2.3 bcf/d from September—the largest month-on-month increase since US LNG exports began in 2016. The Q4 forecast also fell 22 cents from the previous month's estimates to $2.43/MMBtu. Crude futures are soaring following surprising news from Pfizer and German partner BioNTech about promising results from its COVID-19-vaccine program. We are at the lowest price ever (Henry Hub prices). The January 2012 forecast missed the sharp reduction in prices from the winter to summer that were driven by high storage volumes. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. 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. EIA forecasts dry natural gas production in US to average 87.9 bcf/d in 2021. EIA: Henry Hub spot gas prices to reach $3.4/MMbtu in January. An average of 95.3 million b/d of petroleum and liquid fuels was consumed globally in October, the US Energy Information Administration (EIA) estimated in its November Short-Term Energy Outlook (STEO). 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 … Exploration and reserves, storage, imports and exports, production, prices, sales. 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 […] Although EIA still expects prices to increase in the … Yesterday, the price at the Waha Hub averaged $2.52/MMBtu, 15¢/MMBtu lower than the Henry Hub price. 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. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. 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. September 8, 2016 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 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 … In 2021, EIA expects higher monthly averages for Henry Hub natural gas spot prices: $3.01 per million British thermal units, compared to … 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. Consolidation among independent oil and gas companies will accelerate in the face of energy transition, according to Wood Mackenzie. 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. The low price means savings for home owners and drivers – but benefits will fade away by the economic costs of both the viral outbreak and the collapse of gas prices. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021, which is down from the forecast January average price of $3.42/MMBtu in … "Weekly U.S. Henry Hub natural gas prices from December 20, 2019 to November 20, 2020 (in U.S. dollars per million British thermal units)." EIA expects total US natural gas consumption will average 79.4 bcf/d in 2021, a 5.2% decline from 2020. EIA expects Henry Hub Prices to recover marginally in 2020, averaging $2.92/MMBtu for the year. Whether you’re buying or selling, the seaborne alternative to price US crude is here. The price of natural gas went from 5.58 to 18.48 within a month. Lesson plans, science fair experiments, field trips, teacher guide, and career corner. 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. 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. 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. Dollars per Million British Thermal Units)." 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. 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. Short, timely articles with graphics on energy, facts, issues, and trends. 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." 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. EIA expects that total US consumption of natural gas will average 83.7 bcf/d in 2020, down 1.7% from 2019. EIA: Henry Hub price rises. 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. Author; Maya Weber; Editor; Derek Sands; Commodity; Electric Power, LNG, Natural Gas; Topic; Energy Transition; Washington — The US Energy Information Administration continues to forecast lower average levels of US natural gas production and consumption in 2021, compared with the prior two … Rising international natural gas prices are further indications of increasing international demand for natural gas and LNG. Includes hydropower, solar, wind, geothermal, biomass and ethanol. Source: EIA STEO . 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 dry gas production growth to slow in 2020 because of "the lag between changes in price and … Graph and download economic data for Henry Hub Natural Gas Spot Price (DHHNGSP) from 1997-01-07 to 2020-12-15 about natural resources, gas, price, and USA. 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." EIA forecasts that production will decline by about the same amount in 2021 as consumption declines, but that liquefied natural gas (LNG) exports will increase, which will tend to lower inventories compared with 2020 and provide upward pressure on Henry Hub prices. A low price forecast for 2020 is expected to make the natural gas production decrease creating an upward … Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. EIA expects that monthly average spot prices will remain higher than $3.00/MMBtu for all of 2021, averaging $3.19/MMBtu for the year, up from a forecast average of $2.16/MMBtu in 2020. Regional energy information including dashboards, maps, data, and analyses. The Henry Hub natural gas spot price averaged $2.37/million British thermal units in July, down 3 cents/MMBtu from June. 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: Henry Hub price in Aug flat. EIA: Henry Hub spot gas prices to reach $3.4/MMbtu in January . This week, Henry Hub natural gas active futures have fallen 13.8%. 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 […] 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. 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. US EIA revises Henry Hub price estimates. 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. In October, the Henry Hub natural gas spot price averaged $2.39/MMbtu, up from an average of $1.92/MMbtu in September. After a challenging year, refining news is turning more positive. Uranium fuel, nuclear reactors, generation, spent fuel. See More. Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government Skip to sub-navigation U.S. Energy Information Administration - EIA - Independent Statistics and Analysis ... Henry Hub July 13, 2020 U.S. Henry Hub natural gas spot prices reached record lows in the first half of 2020. EIA forecasts industrial consumption will average 22.5 bcf/d in 2020, down 0.6 bcf/d from 2019 as a result of reduced manufacturing activity. 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. EIA. 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. Every year since 2015, the value of US energy exports to Mexico has exceeded the value of energy imports from Mexico. Bolivian gas will become a scarce commodity in coming years, presenting a challenge for Argentina and Brazil. 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. Graph and download economic data for Henry Hub Natural Gas Spot Price (MHHNGSP) from Jan 1997 to Nov 2020 about natural resources, gas, price, and USA. 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. The LNG Japan/Korea … Capuano said. 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 … Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. EIA, in its January Short-Term Energy Outlook, also lowered its Q2 Henry Hub forecast 4 cents to $2.30/MMBtu. Due to weak historical data and the resurgence of COVID-19 in Europe and the US, the IEA revised down its near-term global demand outlook by 400,000 b/d in third-quarter 2020, 1.2 million b/d in fourth-quarter 2020, and 700,000 b/d in first-quarter 2021. EIA’s forecast for U.S. electric generation showed a continued rise in the share from natural gas-fired power plants, from 34% in 2018 to 37% in 2019 and 39% in 2020. 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 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 US$2.05/million Btu. The agency projected an average of $2.45/MMBtu in 2020 for natural gas prices at Henry Hub, down 14 cents/MMBtu from the 2019 average. 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. Send your feedback to, Residential Energy Consumption Survey (RECS), Commercial Buildings Energy Consumption Survey (CBECS). 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 … State energy information, including overviews, rankings, data, and analyses. By the fall, EIA expects low prices to lead to further declines in natural … 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. Statista. 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. 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. Chart. Maps by energy source and topic, includes forecast maps. Higher global forward prices for LNG indicate improving netbacks for buyers of US LNG in European and Asian markets for the upcoming winter season. 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. Higher natural gas spot prices reflected stronger demand for LNG exports as LNG terminals increased liquefaction following hurricane-related disruptions in August and September. 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