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Key Price Index

March 12, 2020

Brent Spot Price

Brent crude oil spot prices averaged US$64/barrel in Jan’20, down US$4/barrel from Dec’ 19. Brent prices are expected to average US$61/barrel and US$68/barrel in 2020 and 2021 respectively.

Henry Hub Spot Price

Henry Hub natural gas spot price declined to an average US$2.02/ MMBtu, as warm weather contributed to below-average inventory withdrawals. EIA forecasts that Henry Hub spot prices will average US$2.21/MMBtu and US$2.53/MMBtu in 2020 and 2021 respectively.