Loading…
A World Bank blog reviews the sharp swings in global gas prices during 2022, when European prices fell more than 70% from their August peak. It attributes the moves to warm weather, efficiency gains, lower Russian pipeline flows and LNG inflows, and says the 2023 outlook hinges on China's reopening.
The analysis shows that LNG flows and China's demand recovery are the main swing factors for gas prices, which feed into fertilizer and energy costs for feed producers.
blogs.worldbank.orgPaolo Agnolucci, Peter Nagle, Kaltrina TemajFeb 22, 2023Not enough comparable past events yet for a historical read.
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.
