Brent prices averaged US$41/barrel in Sep’20, US$4 lower as compared to the average in Aug’20. EIA expects prices to average US$42/barrel in Q4 2020 and increase to an average of US$47/barrel in 2021.

Henry Hub Spot Price

Henry Hub prices declined to US$1.92/MMBtu in Sep’20. This was due to lower demand from power sector as a result of cooler-than-normal temperatures during H2 September and lower LNG exports owing to hurricane-related activity in the Gulf of Mexico.