Feature
July 2014, Vol. 241, No. 7
Natural Gas Price Forecasting Critical To Industry Operations
Sometimes it feels like a black box and a crystal ball are the biggest help in forecasting energy product prices. Forecasting prices on the primary fuels - crude oil, natural gas and coal - which comprise over 90% of the fuel used worldwide, is an important part of the business. Price outlook coupled with demand forecast are essential considerations for developing operational levels and planning capital expenditures to meet the constant demand for fuel.