ENERGY LENDERS' PRICE DECKS

摘要

Energy lenders' third-quarter 2010 price forecasts indicate banks are adjusting their price forecasts as commodity prices fluctuate, according to a new survey of 40 commercial-capital providers. For the remainder of 2010, the survey returned a mean base-case WTI oil-price forecast of $59.98 per barrel, and a Henry Hub gas-price forecast of $4.25 per million Btu. The five-year trend shows an increasing forward price deck for both oil and gas, with average 2014 forecasts of $66.14 per barrel and $5.66 per million Btu. Modest escalation of both oil and gas prices after 2014 is common, but prices are capped at means of $64 and $5.41, respectively.