The US Energy Information Administration on Tuesday pared back its Henry Hub natural gas spot price estimates for the first two quarters of 2020, citing a warmer-than-expected January and burgeoning inventories. Receive daily email alerts, subscriber notes & personalize your experience. Register Now But EIA forecast that prices will rise in the second quarter and beyond, as production declines coincide with increased demand for gas used in power generation. The agency, in its February Short-Term Energy Outlook, trimmed its Q1 Henry Hub forecast by 29 cents to $1.98/MMBtu, and its Q2 forecast by 21 cents, compared with the previous month’s estimate, to $2.09/MMBtu. “Warmer-than-normal January temperatures reduced space heating demand and left natural gas working inventories 9% higher than the five-year average at the end of the […]