Natural gas prices in the US fell sharply on October 28, after Israel launched limited attacks on Iran and Tehran decided not to respond.
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| Natural gas prices in the US suddenly fell sharply. (Source: Reuters) |
Natural gas prices in the US fell sharply by 11% to $2.284 per million British thermal units (MMBtu) in the trading session on October 28.
Gas production from the Lower 48 states averaged 102.8 billion cubic feet per day (Bcf/d) last weekend, near the summer peak of 103 Bcf/d and about 2 Bcf/d above the fall low.
The US Energy Information Administration (EIA) forecasts that natural gas prices will decrease in 2024.
In its October 2024 short-term energy outlook, the EIA forecasts that the average natural gas price at Henry Hub, a natural gas pipeline located in Erath, Louisiana, will reach $2.28 per million British thermal units (MMBtu) in 2024 and $3.06 per million thermal units (MMBtu) next year.
On a quarterly basis, EIA forecasts that average prices at Henry Hub will reach $2.81/MMBtu in the fourth quarter of 2024 and $3.16/MMBtu in the first quarter of 2025, then decline slightly in the second quarter and increase to $3.35/MMBtu in the final quarter of the year.
Source: https://baoquocte.vn/khi-dot-my-co-buoc-di-moi-sau-quyet-dinh-cua-iran-291805.html
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