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European LNG prices have hit a record discount to Dutch TTF gas hub prices. TTF rose sharply after news of another planned maintenance outage on the main Russian pipeline to Europe.
A wide LNG discount signals strained European demand for cargoes and redirects supply, while pipeline uncertainty keeps energy costs high for fertilizer and feed processing.
reuters.comMarwa RashadAug 23, 2022Not 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.
