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Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Last month the EIA predicted an average price at the Henry Hub of $2.91/MMBtu for 2023, and $3.72/MMBtu for 2024 (see U.S. NatGas
Oil prices fell on Friday morning after the Wall Street Journal reported the UAE had considered leaving OPEC and boosting its production.
Energy-related global emissions hit the highest level on record in 2021, as the world relied on coal to recover from the economic crisis.