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Arthur Berman argues that US natural gas, which averaged about $2.50 in 2016, will average at least $3.50 to $4.00 in 2017 because demand and exports are growing while shale output falls. He notes that Henry Hub spot prices have already risen from $1.49 to $3.70 since March 2016.
The analysis points to firmer US gas prices, which would raise energy and fertilizer costs for feed producers, though it is a single analyst's view.
oilprice.comArthur BermanJan 24, 2017Not enough comparable past events yet for a historical read.
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.
