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Asian spot LNG hit a fresh record, with October delivery into northeast Asia estimated at $70.50/mmBtu, up 23.7% week on week. Buyers restocked for winter ahead of a three-day Nord Stream 1 outage that is running at 20% of capacity, while Freeport LNG extended its outage.
Record Asian and European LNG prices and a constrained US export base point to high global gas costs that raise fertilizer and energy costs for feed producers.
finance.yahoo.comMarwa RashadAug 26, 2022After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
