FAQ
Commodity Price Forecasts
Q: How often does Sproule ERCE release price forecasts, and when are they updated?
A: Sproule ERCE updates our commodity price forecasts monthly. New price forecasts are typically released within the first few days of each new month.
Q: How does Sproule ERCE determine their price forecasts?
A: Sproule ERCE develops commodity price forecasts by taking a fundamental view of future commodity supply and demand, industry developments, announced or anticipated projects, technological developments, and competing energy sources. Supporting documentation behind Sproule ERCE’s view of commodity markets can be seen in our published Market Outlook Reports.
Q: How can I access an old price forecast?
A: Historical price forecasts are available towards the bottom of the web page.
Q: What is the difference between ‘constant’ and ‘escalated’ file historicals?
A: On the ‘constant’ price file, the historicals are actually showing the historical price for the first trade day of that month with data (per SEC requirements). The ‘escalated’ file shows the true average of daily prices for the displayed month for historicals.
Q: Why is there no inflation shown in the following year?
A: Around September of each year, Sproule ERCE will roll forward our inflation and therefore all prices the following year reflect our price forecast in that year’s real dollars. This means that any inflation prior to that year is already incorporated into those estimates.