Skip to main content

US Energy Information Administration news

 

EIA expects low natural gas prices to continue in 2024

The US Energy Information Administration (EIA) expects the benchmark Henry Hub spot price to average about US$2.25 per million Btu in 2024, a 10% decrease from 2023 and a 65% decrease from 2022.

 
 
 
 
 
 

EIA expects relatively flat crude oil prices in 2024 and 2025

The EIA forecasts average annual crude oil prices in 2024 and 2025 will remain near their 2023 average, with global supply and demand for petroleum liquids expected to be relatively balanced over the next two years.