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Bloomberg reports that cheap natural gas has ended as demand outpaced new supply this year, with European gas hitting records and Asian LNG deliveries near all-time highs. Producers are curbing investment in new supply under pressure from investors and governments.
Structural underinvestment in gas supply points to sustained high gas prices, which raise energy and fertilizer costs for feed production.
worldoil.comAnna Shiryaevskaya, Stephen Stapczynski, Ann KohAug 6, 2021After 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.
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.
