Loading…
Reuters explains that cuts to Russian gas flows through Nord Stream have driven European and British gas prices to record highs. Lower Russian supply also reduces the volumes available from Norway.
Europe's record gas prices raise nitrogen fertilizer production costs and tighten global energy markets, supporting gas prices.
reuters.comSusanna TwidaleJul 10, 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.
