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Commentary warns that a price war among LNG exporters could push natural gas prices negative, as oil did in April. Qatar, the largest LNG producer, faces weak demand and near-full storage and may have to cut output or cut prices.
Oil prices have recovered on OPEC+ and US production cuts.
The scenario points to downside risk for gas prices if exporters compete for share, which would lower gas-linked input costs. It is speculative and has no immediate supply change behind it.
oilprice.comAlex KimaniMay 14, 2020Not enough comparable past events yet for a historical read.
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.
