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EIA's May Short-Term Energy Outlook raised its 2021 Henry Hub forecast slightly to $3.05 per MMBtu, with a second-quarter average of $2.78. The agency cited strong LNG exports and rising domestic consumption as the main drivers, and expects prices to ease to $3.02 in 2022.
A modest upward revision to the official gas forecast supports firmer energy and nitrogen fertilizer costs through 2021. The projected decline in 2022 suggests the price pressure may be temporary.
naturalgasintel.comJeremiah ShelorMay 11, 2021After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
