US EIA lowers Q4 Henry Hub spot gas price forecast, expects winter volatility

摘要

The US Energy Information Administration Nov. 9 lowered its forecastHenry Hub natural gas spot prices by 26 cents to $5.54/MMBtu for thefourth quarter of 2021, and it dropped its Q1 forecast 29 cents from theprevious month’s estimates to $5.24/MMBtu.But the weather will be a wild card for gas prices this winter, EIAsaid in its November Short-Term Energy Outlook. “Because ofuncertainty around seasonal demand, we expect natural gas pricesto remain volatile over the coming months with winter temperaturesto be a key driver of demand and prices,” EIA said.