Explainer: What's behind the wild surges in global LNG prices and the risks ahead

After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.

• Aug 26, 2021Asian gas importers brace for steep winter LNG prices | S&P Global+14.4%
• Oct 19, 2021Global gas shortage helps lift prices in United States | Reuters+16.2%
• Jan 14, 2021What the Rally in Gas Prices Tells us about Gas Markets and Energy Security-10.2%
• Nov 17, 2021LNG markets eye record prices in race to replenish stocks | Reuters-3.6%
• Nov 15, 2021Surging US LNG exports hike domestic gas prices amid global supply crunch | S&P Global+2.1%

After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.

• Feb 27, 2025What's driving urea prices for farmers? | Global Perspective | The Land | NSW-3.6%
• Nov 17, 2021LNG markets eye record prices in race to replenish stocks | Reuters0.0%
• Jul 17, 2026Global Rice Benchmark Surges 20% in Largest Spike Since 2008…+3.5%
• Nov 15, 2021Surging US LNG exports hike domestic gas prices amid global supply crunch | S&P Global-0.6%
• Dec 23, 2022Dynamics and Implications of the Recent Rise in Wheat Prices | Banque de France-1.0%