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Global natural gas prices stayed strong as European and US benchmarks rebounded on colder forecasts and supply shortages. Dutch and British front-month contracts settled above $30/MMBtu while Henry Hub rose to $4.96/MMBtu.
German delay in certifying Nord Stream 2 and new US sanctions on pipeline-linked entities pushed European prices higher.
Strong European and US gas prices raise nitrogen fertilizer costs and energy input costs for feed producers. Sanctions and pipeline delays keep the global supply tight, supporting higher gas and fertilizer prices.
naturalgasintel.comJamison CocklinNov 23, 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.
After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% 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.
