The US Energy Information Administration has trimmed its forecast for Henry Hub spot natural gas prices in 2022, as gas consumption estimates were tempered by lower power-sector use of the fuel, and production growth was expected from the second quarter onward. The agency, in its January Short-Term Energy Outlook released Jan. 11, lowered its forecast .
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The US Energy Information Administration (EIA) forecasts that US oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. In its January Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production will increase for nine consecutive.