Special Surveys in February include Trends in Productivity and Wages (CF and CF-USA) and Economic Policy Evaluation (LACF).
In March we survey for Quarter-by-Quarter Forecasts for the G7, Western Europe and Asia Pacific economies.
In April we poll for Long-Term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies; those for Eastern Europe feature in March.
The April edition of Energy & Metals Consensus Forecasts includes a Special Analysis of Seasonal Commodity Price Patterns.
In June we survey for Quarter-by-Quarter Forecasts for the G7, Asia Pacific and Latin American economies. Eastern Europe quarterlies feature in May.
In our July surveys, we evaluate global monetary and fiscal policy conditions and assess likely policy directions over the next 12 months.
The July edition of Energy & Metals Consensus Forecasts will feature a Special Survey on Factors Affecting Commodity Prices.
In September we poll for Quarter-by-Quarter Forecasts for the G7, Western Europe and Asia Pacific economies.
In October we survey for Long-Term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies; those for Eastern Europe feature in September.
Our November publications focus on forecasts for Real Interest Rates and Corporate Profits, as well as Foreign Direct Investment in Asia Pacific.
In December we survey for Quarter-by-Quarter Forecasts for the G7, Western Europe, Asia Pacific and Latin American economies.
In January,Consensus Economics surveys panellists for their 2012 and 2013 forecasts, as well as the risks associated with non-consensus outcomes.
Long-term 200 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term -10 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies.
Energy & Metals Consensus Forecasts is the result of a comprehensive quarterly survey of over 30 of the world’s most prominent commodity forecasters covering over 25 individual commodity price forecasts including natural gas.
The only publication of its kind, Energy & Metals Consensus Forecasts contains detailed individual analyst and average (mean) price forecasts for the next 10 quarters as well as the long-term outlook.

The publication has many practical uses including commodity investment analysis, risk management, corporate planning, and budgeting. The commodities covered have been selected for their global appeal and traded on prominent futures markets such as the London Metal Exchange (LME), New York Mercantile Exchange (NYMEX) and InterContinental Exchange (ICE). The natural gas price forecasts below are for US spot prices from the Henry Hub in Louisiana and UK 1-day forwards.
|
Natural Gas (US, Henry Hub) Forecasts From Survey of October
24, 2011 (US$/mmBtu) |
||||||||||
| Survey Date Spot Price US$3.603/mmBtu | Dec 11 | Mar 12 | Jun 12 |
Sep 12 | % Change from spot | Dec 12 | Mar 13 | Jun 13 | Sep 13 | Dec 13 |
| Citigroup | 4.535 | 5.800 | 5.800 | 5.800 | 61.0% | Download the sample issue | ||||
| RBS | 4.055 | 5.500 | 5.500 | 5.500 | 52.7% | below to see the complete table | ||||
| Deutsche Bank | 4.500 | 5.000 | 4.750 | 5.000 | 38.8% | of forecasts, price charts, | ||||
| Econ Intelligence Unit | 4.250 | 4.750 | 4.600 | 4.650 | 29.1% | and written analysis. | ||||
| CIBC | 3.550 | 4.250 | 4.450 | 4.550 | 26.3% | |||||
| UBS | 4.250 | 4.500 | 4.500 | 4.500 | 24.9% | |||||
| Wilson HTM | 4.000 | 4.250 | 4.250 | 4.500 | 24.9% | |||||
| BoA Merrill Lynch | 4.250 | 4.650 | 4.500 | 4.450 | 23.5% | |||||
| Oxford Economics | 4.251 | 4.302 | 4.354 | 4.410 | 22.4% | |||||
| Barclays Capital | 4.500 | 4.500 | 4.400 | 4.400 | 22.1% | |||||
| GKI Research | 4.400 | 4.550 | 4.600 | 4.400 | 22.1% | |||||
| Credit Suisse | 4.050 | 4.250 | 4.150 | 4.350 | 20.7% | |||||
| Macquarie Bank | 3.850 | 4.200 | 4.250 | 4.250 | 18.0% | |||||
| Societe Generale | 4.000 | 4.300 | 4.200 | 4.030 | 11.9% | |||||
| GKI Research | 3.500 | 3.500 | 3.500 | 3.500 | 10.1% | |||||
| BNP Paribas | 4.000 | 4.240 | 4.170 | 3.900 | 8.2% | |||||
| P K Verleger | 3.400 | 3.500 | 3.500 | 3.500 | -2.9% | |||||
| Consensus (Mean) | 4.115 | 4.534 | 4.498 | 4.512 | 25.2% | |||||
| High | 4.535 | 5.800 | 5.800 | 5.800 | - | |||||
| Low | 3.400 | 3.500 | 3.500 | 3.500 | - | |||||
| Standard Deviation | 0.324 | 0.544 | 0.533 | 0.557 | - | |||||
| UK
Natural Gas Forecasts From Survey of October 24, 2011 (UK£/therm) |
||||||||||
| Survey Date Spot Price UK£0.651/therm | Dec 11 | Mar 12 | Jun 12 |
Sep 12 | % Change from spot | Dec 12 | Mar 13 | Jun 13 | Sep 13 | Dec 13 |
| Barclays Capital | 0.700 | 0.800 | 0.650 | 0.650 | -0.2% | Download the sample issue | ||||
| GKI Research | 0.660 | 0.670 | 0.670 | 0.630 | -3.2% | below to see the complete table | ||||
| Deutsche Bank | 0.604 | 0.643 | 0.582 | 0.608 | -6.6% | of forecasts, price charts, | ||||
| Societe Generale | 0.580 | 0.650 | 0.550 | 0.550 | -15.5% | and written analysis | ||||
| BNP Paribas | 0.590 | 0.600 | 0.510 | 0.500 | -23.2% | |||||
| Consensus (Mean) | 0.627 | 0.673 | 0.592 | 0.588 | -9.7% | |||||
| High | 0.700 | 0.800 | 0.670 | 0.650 | - | |||||
| Low | 0.580 | 0.600 | 0.510 | 0.500 | - | |||||
| Standard Deviation | 0.051 | 0.076 | 0.067 | 0.062 | - | |||||
The tables above show a portion of US and UK natural gas price forecasts taken from the October 2011 issue of Energy & Metals Consensus Forecasts. A complete sample issue of the publication, which also includes Consensus Forecasts for Crude Oil, Gasoline & Heating Oil, Gas Oil, Coal and Uranium as well as base, ferrous and precious metals, can be downloaded in PDF format by clicking the link below and registering your details.
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