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US and European gas prices rose on Monday on Norwegian maintenance cutting pipeline supply and unresolved labor issues at Chevron's Australian LNG facilities. Henry Hub was up 2.6% and TTF gained 1.9%.
Reduced Norwegian flows and possible Australian LNG disruption tighten European supply, supporting higher energy and fertilizer costs.
oilprice.comTsvetana ParaskovaAug 28, 2023After 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.
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.
