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The IEA warns that an unprecedented wave of new LNG supply could create a global glut from 2025. It forecasts prices could fall almost 80% by 2030, to about $6.9/mmBtu from $32.3 in 2022, when prices hit record highs.
Expected future LNG oversupply points to lower global gas prices over the longer term, which weighs on natural gas and the energy costs of feed production.
reuters.comOct 24, 2023After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% 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.
