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Reuters analysis describes how Russia's war in Ukraine accelerated a global energy crisis. Governments in the United States and Europe are shifting toward friendshoring of strategic supplies and expanding support for nuclear, solar, wind and hydrogen.
Major economies expect supply constraints in 2023 and possibly for years after.
Sustained supply constraints and reduced Russian gas flows keep global gas and LNG prices supported, and the shift to friendshoring may raise long-run energy costs. Higher energy costs feed into the cost of fertilizer and feed processing.
reuters.comDavid GaffenDec 13, 2022After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
