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The IEA said extreme cold in Northeast Asia and North America in early 2021 showed gas supply security should not be taken for granted. The January JKM record of $32.50/MMBtu and the February US price spikes were cited as examples of how fast markets can become stressed.
The report underlines gas price volatility risk for energy and fertiliser costs, but it contains no new supply shock to move prices immediately.
spglobal.comStuart ElliottApr 15, 2021After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% 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.
