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Bloomberg reports that a series of small outages at Norwegian gas facilities and a planned shutdown at a key Dutch production site caused large European price swings. The article says the market is fragile to any supply disruption.
Thin supply headroom makes European gas prices highly sensitive to unplanned outages, which can drive sharp rallies. Those prices feed into global LNG and energy costs.
bloomberg.comPriscila Azevedo RochaJun 16, 2023After 54 past bullish logistics events, Natural Gas 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.
