Henry Hub spot prices settle at lowest level since 1998

摘要

With the mild shoulder season temperatures of April ahead and anincreasingly uncertain demand outlook overall, cash natural gas pricesfor Friday flows in the southeastern US settled substantially lowerThursday.Henry Hub spot prices settled 12 cents lower at $1.48/MMBtu onThursday, falling below the 10-year low of $1.485 reached on March 3,2016. Thursday's settlement was cash Henry Hub’s lowest close sinceDecember 3, 1998, when it settled at $1.01/MMBtu.The US Energy Information Administration on Thursday reported anet 11 Bcf storage injection in the week that ended March 27 in theSouth Central region. This boosted total regional stocks to 840 Bcf,some 70.7% higher than the year-ago figure of 492 Bcf and 14.6%higher than the five-year average of 733 Bcf, according to the data.