FORE­CASTS DOWN

Qatar Today - - BUSINESS -

Qatar has re­vised sharply down its fore­cast for av­er­age nat­u­ral gas prices – a weighted av­er­age of Euro­pean, Ja­panese and US prices – from its April 2015 pro­jec­tion. The re­vi­sion is due to con­tin­u­ing ex­pan­sion of pro­duc­tion in the US, record global in­ven­to­ries and weaker crude oil prices to which some nat­u­ral gas con­tracts are in­dexed.

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