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A US regulator released a report blaming the Freeport LNG explosion on inadequate processes. The June blast at the Texas Gulf Coast plant, the second-largest in the US, previously contributed to global LNG price spikes.
The report bears on when Freeport can safely resume, which affects how much US LNG export capacity returns and thus global gas supply tightness.
reuters.comNov 15, 2022After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% 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.
