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U.S. natural gas is on track to become the world's most expensive gas for the first time in more than a decade, as COVID-19 lockdowns cut demand in Europe and Asia. U.S. futures rallied about 10% in April on bets that the oil crash would curb associated gas output, while Asian and European prices fell to new lows.
The narrowing of the global gas price premium weakens the economics of U.S. LNG exports, while the expected output cut from lower oil drilling supports domestic prices.
energynow.com23 abr 2020Tras 155 eventos alcista de macro pasados, Gas natural se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -4,0 % y +7,1 %), y +2,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Describes U.S. futures rallying about 10% in April on bets that the oil crash would curb associated gas output; it is dated after the window but confirms the supply-driven mechanism.
Describes the April rally on bets that the oil crash will curb associated gas output, confirming the supply-expectation mechanism, though it is published a day after the window ends.
