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J.P. Morgan forecasts that natural gas prices will face pressure through the end of the decade as output and LNG export capacity grow, mainly in Qatar and the US.
It projects a 63 bcm oversupply by 2030.
A forecast of persistent gas oversupply supports lower energy input costs over the medium term, with limited near-term effect on feed grain prices.
reuters.comRon BoussoApr 24, 2024After 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.
