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U.S. regulators approved a partial restart of the fire-damaged Freeport LNG export terminal. U.S. natural gas futures settled 9% lower at $2.073 per mmBtu, extending a decline driven by weaker heating demand and rising output and storage.
Restored LNG export capacity draws more U.S. gas abroad, which supports Henry Hub prices somewhat, but the domestic surplus still limits the upside.
reuters.comArathy SomasekharFeb 21, 2023After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% 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.
