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The EIA's winter LNG outlook expects the global LNG market to stay balanced this winter if weather is normal, with US exporters acting as a balancing supply. Front-month prices in East Asia and Europe have fallen more than 50% year on year, averaging around $15 per MMBtu.
A balanced global LNG market with ample storage limits the risk of gas price spikes that would raise fertilizer and energy costs for feed producers.
naturalgasintel.comNov 14, 2023After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% 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.
