Citi Lowers Annual 2026 Henry Hub Price Average To $3.2/Mmbtu From $3.7/Mmbtu
ReutersFeb 25, 2026 7:23 AM
Feb 25 (Reuters) - CITI:
SAYS ANNUAL 2026 HENRY HUB PRICE AVERAGE IS REVISED LOWER FROM $3.7/MMBTU TO $3.2/MMBTU
SAYS 0-3M HENRY HUB PRICE TARGET REVISED LOWER FROM $3.0/MMBTU TO $2.5/MMBTU
SAYS PRICES SHOULD AVERAGE $2.8/MMBTU IN 2Q26, $3/MMBTU IN 3Q26 AND $3.6/MMBTU IN 4Q26
SAYS NET INJECTION SHOULD BE HIGHER THIS YEAR ON STRONGER DOMESTIC PRODUCTION GROWTH THAN THE SUM OF LNG EXPORT GROWTH, MARGINALLY WEAKER DOMESTIC DEMAND
SAYS THE RECENT SURGE IN THE GAS RIG COUNT LIKELY LEADING TO EVEN HIGHER PRODUCTION BY SUMMER OR LATER IN THE YEAR
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