Oil settles lower as U.S. business activity cools, concerns over Middle East ease

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Go back to Oil settles lower as U.S. business activity cools, concerns over Middle East ease

What's next for natural gas prices? Goldman Sachs weighs in

April 25, 2024 8:53 AM EDT

Recent trends in the natural gas market suggest a potential moderation in Henry Hub prices, according to insights from Goldman Sachs. Henry Hub is a natural gas pipeline located in Erath, Louisiana. It serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX).

Goldman Sachs explains that despite US gas production slightly lagging behind expectations, particularly in the Gulf region, a combination of factors, including maintenance activities, well shut-ins, and production declines driven by low investments have influenced market... More