Goldman Sachs Sees Downside Risk To $3.90/Mmbtu Sum25 US Gas Price Forecast
ReutersApr 23, 2025 2:23 AM
April 23 (Reuters) - GOLDMAN SACHS:
SAYS "POSSIBILITY OF STRENGTH IN PRODUCTION LINGERING THROUGH SUMMER POSES A DOWNSIDE RISK TO OUR $3.90/MMBTU SUM25 US GAS PRICE FORECAST"
SAYS BUT EVEN IF THAT RISK FULLY REALIZES, THEY ESTIMATE ITS SOFTENING IMPACT ON BALANCES CAN BE REVERSED BY INCREASED COAL-TO-GAS SWITCHING, INCENTIVIZED BY NATURAL GAS PRICES AT $3.45/MMBTU, 15% ABOVE PROMPT GAS PRICES
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