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Commodity Market Update - September 2011

 

All the news you need to be up to date with what's going on in the commodity market. Check out SourceOne's Commodity Market Update for September. Here's a preview:

Commodity Market Update NewsletterPredictions for economic growth and energy prices were significantly downgraded by the EIA, as outlined in the Short-Term Energy Outlook that was released on Wednesday. Consistent with many other economic forecasts, the EIA dropped expectations for 2011 and 2012 GDP growth to 1.5% and 1.9% from 2.4% and 2.6%. Driven by reduced economic activity, forecasts for oil and natural gas prices were similarly reduced. The average price for natural gas in 2012 is projected at $4.30/MMBtu, down from $4.41/MMBtu in last month’s STEO. Industrial electricity consumption is expected to increase 0.6% in 2011, down from 4.9% in 2010 and above the expected 0.2% growth in 2012. more...