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Insights

September 30, 2017

Every month, Sproule prepares commodity price forecasts for the oil and gas market. The forecast reflects Sproule’s short and long-term views of key global and regional oil and gas commodity price markers and relies on Sproule’s proprietary models, analysis and insights.

September 30, 2017

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Disclaimer: Prices and forecasts are subject to change at the discretion of Sproule. Read More

Price Forecast Adjustment Notice - September 30, 2017

Sproule and GPMI have adjusted our September 30, 2017 price forecast. Increased Asian demand resulting from low inventories and an anticipated cold winter has put upward pressure on propane prices. We anticipate this momentum will continue for the remainder of 2017, into 2018, and tailing off in 2019. We have increased our Propane outlook for these three years, with no change to our 2020 and beyond expectations. 

The adjustments for the September 30, 2017 Sproule price forecast are outlined in the table below:  

  August 31, 2017 Forecast September 30, 2017 Forecast
  Propane at Mt. Belvieu
($USD/bbl)
Propane at Edmonton
($CAD/bbl)
Propane at Mt. Belvieu
($USD/bbl)
Propane at Edmonton
($CAD/bbl)
2017 3mo. Est 24.21 18.18 37.60 35.97
2018 26.40 20.93 30.25 25.74
2019 31.85 27.06 32.50 27.85
2020+ 35.00 29.81 35.00 29.81