In its latest short term energy outlook (STEO), which was released on February 11, the U.S. Energy Information Administration (EIA) increased its Henry Hub spot price forecast for 2025 and 2026.

That’s what Phil Flynn, a senior market analyst at the PRICE Futures Group, told Rigzone in an exclusive interview on Tuesday when asked why the U.S. natural gas price is rising today.

“The above-average withdrawals from underground natural gas storage in January caused prices to rise,” the EIA said in its latest STEO. “The Henry Hub spot price reached a high of $9.86 per ...