The US Energy Information Administration on Wednesday lowered its forecasts for Henry Hub spot natural gas prices forecasts for the first two quarters of 2020, but predicted prices will rise in the second quarter as production declines and more gas is used for power generation. Receive daily email alerts, subscriber notes & personalize your experience. Register Now EIA, in its March Short-Term Energy Outlook, also pushed up its estimates for production and consumption this year, compared with prior month estimates. EIA cut its forecast for Q2 Henry Hub natural gas spot prices 18 cents to $1.91/MMBtu, while the Q1 forecast also fell 9 cents from the previous month to $1.89/MMBtu. “Warmer-than-normal February temperatures reduced demand for space heating in the US, keeping natural gas prices at historically low levels,” said EIA Administrator Linda Capuano. “We expect prices to rise in the second quarter of 2020 as natural […]