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US EIA sees global oil stock builds ahead on rising OPEC, US supply | Hellenic Shipping News Worldwide

US EIA sees global oil stock builds ahead on rising OPEC, US supply | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Texas oil company spends $600M on Permian Basin assets in New Mexico

Gas prices should drop below $3 per gallon in 2022, forecast says

Retail gas prices could start dropping to an average of $2.88 per gallon in 2022, down from 2021 s average of $3.00, a US government report predicts.

US EIA slashes early 2022 gas price forecast citing fall storage build pickup | Hellenic Shipping News Worldwide

The US Energy Information Administration Dec. 7 lowered its estimates for US natural gas prices in early 2022, following storage injections this fall that outpaced the prior five-year average. “We forecast natural gas spot prices at Henry Hub will average $4.58/MMBtu in [first-quarter 2022], compared with a forecast of $5.24/MMBtu in the November [outlook],” EIA .

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