Loading…
Natural gas exports are slowing as the pandemic reduces global demand and interrupts exploration and export projects. Gas prices were already low after a relatively warm winter, and oil and gas companies have cut investment budgets.
Lower export volumes and reduced investment in new supply point to weaker gas availability later, while current demand weakness keeps prices low. Feed and fertilizer costs tied to gas remain under pressure.
nytimes.comMay 11, 2020After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
