Goldman Sachs predicts limited upside for natural gas prices until 2025

From Investing.com: 2024-05-25 06:01:02

Goldman Sachs analysts predict limited upside to Henry Hub prices until 2025, expecting production to rebound in June but settle at a lower level. They revised the BalSum24 forecast to $2.65/mmBtu, with production staying below 99Bcf/d. Despite declining production, prices are not expected to rise significantly, with meaningful increases anticipated in winter due to new LNG projects. Goldman remains bullish on Sum25 Henry Hub at $4/mmBtu.



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