
Robin Mills writes that a global gas glut has made natural gas cheap, with Asian spot LNG dipping below $4/MMBtu this summer and Waha Hub prices falling to negative $4.28. European prices have dropped to a decade low near $3, and storage is about 95% full.
Producers must adjust costs to survive.
Persistent oversupply keeps global and US gas prices depressed, lowering energy costs for feed processing and export economics, though it is commentary rather than new supply news.
Tras 59 eventos bajista de macro pasados, Gas natural se movió una mediana de +1,3 % en 5 sesiones (58% al alza; mitad central entre -5,0 % y +5,2 %), 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.