Key Price Index

March 12, 2021

Brent Spot Price

Brent prices jumped US$5 to average US$55/barrel in Jan’21 following the announcement by Saudi Arabia that it would unilaterally cut 1.0 MMB/D of crude oil production in February and March 2021.

Henry Hub Spot Price

Henry Hub prices increased to US$2.71/MMBtu in Jan’21. EIA expects Henry Hub spot prices to average US$2.95/MMBtu in 2021 and US$3.27/MMBtu in 2022.