Who wants to be a forecaster?

Forecasting gas storage levels is an ugly, thankless – but essential – task

Oil pipes

Thursday morning is a moment of truth for the entire US cottage industry of energy storage forecasters whose weekly predictions are tabulated, distributed, ranked, sometimes praised or ridiculed by the industry newsletters and news-reporting organisations. A quarterly ‘accuracy’ ranking (the equivalent of the dreaded high-school report card) may make or break the career of an aspiring fundamental analyst or natural gas trader. Because of the ferocity with which the weekly reports are scrutinised