NATURAL GAS AND OIL MARKETS WILL BOTH TIGHTEN A BIT IN 2012, WITH INCREASED PRICES, THE ENERGY INFORMATION ADMINISTRATION'S SHORT-TERM ENERGY OUTLOOK SAYS

摘要

This month's Short-Term Energy Outlook issued by the Energy Information Administration (EIA) on 7/12/11 points to a tightening U.S. natural gas market beginning in 2012, with Henry Hub spot prices increasing to an average of $4.54/MMBtu next year. For gas storage, even though current levels are about 8% below last year's levels, EIA expects working gas inventories to build strongly during the rest of the summer and approach record-high levels in the second half of 2011.