Energy-price forecast ranges are analytical market scenarios, not investment advice or guaranteed price outcomes. They should be re-based whenever key factors affecting energy prices materially change. The ranges are not a promised price path and should not be treated as fixed when those factors shift.
Weather, outages, geopolitical events, sanctions, freight, regulatory decisions and liquidity can affect energy prices. The forecast scenarios are highly sensitive to these variables, so a material change in any of them calls for the ranges to be re-based. They remain analytical scenarios, not investment advice or assurances of a particular price outcome.
