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Benchmark Dutch natural gas prices have surged about 80% in three months to record highs, and Asian spot LNG is at an eight-year seasonal high. Low storage after a hot northern summer has traders expecting winter prices to exceed last year's peaks.
Low European and Asian inventories tighten the global LNG market, lifting gas prices and the cost of gas-fired power and nitrogen fertilizer production.
energynow.comAug 9, 2021After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
