The U.S. Energy Information Administration (EIA) cut its Henry Hub spot price forecast in its latest short term energy outlook (STEO), which was released this week. In its latest March STEO, the EIA projects that the commodity will average $2.20 per million British thermal units (MMBtu) in the first quarter of this year, $1.79 per MMBtu in the second quarter, $2.28 per MMBtu in the third quarter, $2.82 per MMBtu in the fourth quarter, and $2.27 per MMBtu overall in 2024. In its previous February STEO, the EIA forecast that the Henry Hub spot price would average $2.67 per MMBtu in the first quarter of 2024, $2.20 per ... (full story)