Manufacturing Industry
The Henry Hub natural gas price forecast for 2005 has been raised to $8.32 per million British thermal units (MMBtu) by Standard & Poor analyst Tina Vital, who also has boosted her 2006 forecast to $8.90.(prices: FACTORS AFFECTING PRODUCT COST)(Brief Article)
Purchasing, October, 2005
The Henry Hub natural gas price forecast for 2005 has been raised to $8.32 per million British thermal units (MMBtu) by Standard & Poor analyst Tina Vital, who also has boosted her 2006 forecast to $8.90. Due to Hurricane Katrina's shutdown on 84 billion cubic feet of natural gas capacity, Vital expects prices will average $11.61/MMBtu in the fourth quarter of 2005.
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