Loading…
European gas prices are about ten times their decade average, with UK gas reaching 537p per therm in August. The rise follows post-Covid demand recovery, the Russian invasion of Ukraine, EU efforts to cut Russian imports, and Gazprom suspending deliveries to several European countries over non-payment.
Expensive European gas is squeezing fertilizer output and raising energy costs across agriculture, supporting higher nitrogen fertilizer and feed production costs.
bbc.comNicholas BarrettAug 25, 2022After 155 past bullish macro events, NATGAS moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
After 92 past bullish macro events, UREA moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% 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.
