EIAs updated 2021 forecast as of May 10 is an average 297gal a 3-cent increase compared to last months estimate. It looks like China has controlled the spread of coronavirus and there will be no need for another mass lockdown and the factories will keep running.
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Ive seen other predictions that have even higher and lower price targets showing there really isnt a consensus about where silver is headed this year.
. You can see the great disparity the extremes being it will average 23 lower 1760 or climb as much as 116 50 this year. These increases in natural gas demand during the heating season more than offset the 45 Bcfd increase in natural gas production over year-ago levels. Average retail price per gallon was 318 on May 10 up 4 cents from May 3 but still below the March 22 peak of 319 the highest average since Dec.
Manufacturers also forecast worker absenteeism machine availability material costs transportation and production lead times etc. Besides demand service providers are also interested in forecasts of population of other demographic variables of weather etc. Demand is not the only variable of interest to forecasters.
Working natural gas inventories went from a deficit to the five-year average to a surplus and then back to a deficit during the 202122 heating season. National Weather Service NWS Forecast Products The National Weather Service and its 121 local forecast offices issue local weather forecasts and watches and warnings to protect life and property from acute short-term threats due to severe weather events. Diesel fuel prices averaged 255gal in 2020.
The demand for copper from China is expected to remain strong throughout 2021 as the International Monetary Fund IMF has predicted a 19 growth in the Chinese economy in 2020. Another of the many products available is the GFS-Based 8-Day Guidance.
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