Short-Term Energy Outlook August 2026 — U.S. EIA
PRICE SIGNAL · Henry Hub 3Q26 avg $2.87/MMBtu, −50¢ vs prior forecast; <$3.00 until Nov; end-Oct inventories 3,985 Bcf, +5% vs 5yr; reduced LNG feedgas
Venture Global misses quarterly estimates as lower LNG prices, higher costs weigh — Reuters
CAPACITY ONLINE · 2026 adj EBITDA raised to $8.7–9.1B (from $8.2–8.5B); Calcasieu 149–154 cargoes; Plaquemines 351–364; unsold fee $12.50–13.50/MMBtu
HORMUZ IS BEING PRICED AS A PERMANENT CONSTRAINT * Strait of Hormuz traffic fell to six vessels on August 11 versus a 10-day average near 11. Read This: Reuters * Kpler logged Hormuz crossings sliding from 15 to 11 to six across August 7–9, a 32 three-day total. Read
North America US natgas prices climb 4% as LNG export flows hit one-month high — Reuters PRICE SIGNAL · Sep Nymex +3.6% to $2.757/mmBtu (highest since Aug-3); LNG feedgas 17.9 bcfd Mon, 1-mo high; Aug feedgas 17.2 bcfd; Lower-48 output 111.2 bcfd
North America U.S. natural gas futures prices have slipped well below $3 per million British thermal units — @JKempEnergy via X PRICE SIGNAL · Front-month July avg $2.94/mmBtu; coal-to-gas switch threshold ~$3.30/mmBtu; 18th percentile of inflation-adjusted months since 2010 Asia-Pacific Inpex raises
Based on News of August 6, 2026 1 · Supply Disruption & Chokepoints Hormuz and Bab el-Mandeb traffic drops sharply on Houthi attack claims — Hormuz transits fell to 2 from 8; Bab el-Mandeb 1 from 20; Houthis claim tanker attacks. Prompt seaborne-supply and route risk intensify. ConocoPhillips says