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European gas storage is heading for record lows by the end of winter as a cold snap lifts demand. Gazprom is awaiting permission to start the Nord Stream 2 pipeline and is booking less capacity on existing transit routes, and a promised refill of storage has largely failed to materialize.
Low storage and limited Russian supply keep European gas prices high, which lifts nitrogen fertilizer and energy costs and supports grain and feed prices.
reuters.comNora BuliDec 14, 2021After 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.
