# EIA Slashes 2018 Henry Hub NatGas Price Forecast to $2.88/MMBtu

> The EIA cut its 2018 Henry Hub natural gas price forecast to $2.88/MMBtu, down 24 cents from the prior month, citing strong domestic production growth. The agency expects $2.92/MMBtu in 2019, and the front-month contract settled at $2.88 on January 4.

- Date: 2018-01-09 · published 2018-01-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7024-eia-slashes-2018-henry-hub-natgas-price-forecast-to-2-88-mmbtu
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A lower official price outlook reflects expected supply abundance that caps gas prices and reduces feed-cost pressure from energy-linked inputs. Production growth is the key bearish mechanism for the price outlook.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-11-06 | [Henry Hub Spot Prices to Slip 4 Cents/MMBtu Next Year from 2018, Says EIA](https://feedsoft.ai/events/6489-henry-hub-spot-prices-to-slip-4-cents-mmbtu-next-year-from-2018-says-eia.md) | +9.1% | +24.8% |
| NATGAS | 2023-03-09 | [EIA Further Slashes Henry Hub Natural Gas Forecast After Record-Warmth in January, February](https://feedsoft.ai/events/37038-eia-further-slashes-henry-hub-natural-gas-forecast-after-record-warmth-in.md) | -3.2% | -14.4% |
| NATGAS | 2019-07-01 | [U.S. Henry Hub natgas prices for June fall to lowest in 20 years \| BOE Report](https://feedsoft.ai/events/58276-u-s-henry-hub-natgas-prices-for-june-fall-to-lowest-in-20-years-boe-report.md) | +1.4% | -7.5% |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |
| NATGAS | 2018-02-01 | [EIA expects 2018 and 2019 natural gas prices to remain relatively flat](https://feedsoft.ai/events/67161-eia-expects-2018-and-2019-natural-gas-prices-to-remain-relatively-flat.md) | -14.0% | -15.1% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/eia-slashes-2018-henry-hub-natgas-price-forecast-to-288mmbtu/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.