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A German regulator suspended certification of the Nord Stream 2 pipeline, delaying the flow of Russian gas to Europe. The decision adds uncertainty to European gas supply and reinforces high regional prices.
The article also notes that the move was made amid ongoing political tension over the project.
Delayed Russian pipeline gas keeps European gas supply tight and prices elevated, raising fertilizer and energy costs for feed producers. The impact depends on how long certification is delayed.
reuters.comVera EckertNov 16, 2021After 13 past bullish policy events, Natural Gas moved a median -1.7% over 5 sessions (46% higher; middle half -2.4% to +4.5%), and +5.3% over 20.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.
