Investing.com investing.com 14 Jan, 2021 04:45 am

Energy Report: Oil Inflation

Energy Report: Oil Inflation
Commodities Analysis by Phil Flynn covering: Brent Oil Futures, Crude Oil WTI Futures, Natural Gas Futures. Read Phil Flynn's latest article on Investing.com

Henry Hub natural gas spot prices averaged $2.01/MMBtu in 2021, limiting natural gas use for power generation amid reduced natural gas production.working natural gas in storage ended October at more than 3.natural gas production this winter compared with last winter will more than offset the declines in natural gas consumption, which will contribute to inventory withdrawals outpacing the five-year average during the remainder of the winter, which ends in March.

Forecast natural gas inventories end March 2021 at 1.natural gas consumption averaged 83.

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