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The EU energy regulator ACER says rising LNG imports and lower demand have improved the European gas balance and pushed prices toward pre-crisis levels. It adds that supply remains tight, and China's LNG demand is a key factor for EU prices.
Stronger LNG inflows and weaker demand point to lower European gas prices, which reduces pressure on energy and fertilizer costs. Supply remains exposed to shocks, so the outlook is not fully bearish.
acer.europa.euJun 27, 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.
