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European benchmark gas futures settled 9.2% higher after a 16% rise on Monday. Freeport LNG in Texas is likely to extend its outage that began in June, tightening global LNG supply just before winter.
Extended loss of a major US LNG export plant increases competition for cargoes and supports higher gas-linked energy costs, which raise fertilizer and processing expenses for feed producers.
bloomberg.comTom MaloneyNov 15, 2022After 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.
