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July Short-Term Energy Outlook

By Greg Russell

The EIA has published its Short-Term Energy Outlook for July, finding:  "The monthly average Henry Hub natural gas spot price is expected to remain below $4 per thousand cubic feet (Mcf) until late in the year given plentiful U.S. natural gas supplies and weak demand, particularly in the industrial sector. The Henry Hub price is projected to increase from an average of $4.22 per Mcf in 2009 to an average of $5.93 per Mcf in 2010 as expected economic growth increases industrial consumption of natural gas."

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Tags: Energy

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