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Asian spot LNG benchmark the Japan-Korea Marker surged 15% to its highest level since March. Japanese and South Korean importers are still seeking fall and winter cargoes.
Competition for limited LNG cargoes between Asia and Europe keeps global gas prices elevated, raising energy input costs for regional processors.
bloomberg.comStephen StapczynskiAug 1, 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.
