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Sellers in the global LNG market are holding back cargoes while they wait for stronger buying interest from Latin America and Egypt. European buyers have been bidding up to attract cargoes away from Asia to refill storage.
Reduced selling and trading activity signals a balance between tight European demand and waiting sellers, so near-term gas price direction is unclear.
spglobal.comAly Blakeway, Sakshi Jalan, Clio HoApr 25, 2024Not 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.
