◂ Event Timeline

Sep 5, 2023LOGISTICSAustralia

Chevron Australia labour row escalates with two-week walkout plan

A prolonged Chevron Australia labour dispute threatened a two-week walkout that could disrupt LNG exports. Dutch and British gas prices were mixed as high storage levels offset disruption concerns.

WHY IT MATTERS

Potential Australian LNG disruption could tighten global supply and push Asian buyers to outbid Europe, supporting energy and fertilizer input costs.

AFFECTSNATGAS▲

SOURCE
reuters.comSep 5, 2023

Price reaction & history

NATGAS▲bullishSO FAR1d -5.2%5d -6.5%20d +1.3%

After 54 past bullish logistics events, NATGAS moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% over 20.

Sep 1, 2023Explainer: Worker disputes at Australian LNG producers roil global gas market-3.6%
Aug 21, 2023European gas prices rise on growing prospect of Australian LNG strike+0.2%
Nov 3, 2020LNG tankers without reservations seeing longer waiting times at Panama Canal --12.5%
Nov 7, 2020Between 10 and 15 Days to Cross the Panama Canal Without a Reservation » Puente de Mando+4.7%
Oct 31, 2022U.S. natural gas futures jump 10% to two-week high on rising LNG exports - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com-5.3%

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.

NATGAS · GP ▸

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