Loading…
European and British benchmark wholesale gas prices hit record highs as Russian gas shipments to Germany through a major transit pipeline reversed direction and colder weather lifted demand. Spot LNG cargoes were being pulled toward Europe to fill the gap.
Tight European gas supply and record prices pull LNG away from Asia and raise global gas costs, which feeds through to fertilizer and energy input costs for feed producers.
reuters.comMarwa RashadDec 21, 2021After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% 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.
