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EIA's January 2021 Short-Term Energy Outlook forecasts Henry Hub spot gas averaging $3.01/MMBtu in 2021, up 98 cents. Higher prices are expected to lift US dry gas output in the second half of 2021 while reducing power-sector gas consumption as coal and renewables gain share.
A forecast rise in US natural gas prices raises energy and fertilizer costs and modestly supports the energy complex, though it is a forecast rather than a new shock.
eia.govU.S. Energy Information Administration (EIA) (.gov)Feb 1, 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.
