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Russia cut gas flows through the Nord Stream 1 pipeline to Germany to about 20% of capacity, and the ICIS TTF benchmark rose about 30% over seven days. Asian LNG prices also climbed as buyers competed for cargoes.
Sharp European and Asian gas price increases raise nitrogen fertilizer and energy costs for feed producers and support global gas prices.
naturalgasintel.comJul 29, 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.
