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Algeria's Arzew port, home to the country's massive LNG complex, has been at a standstill for about 10 days due to bad weather, according to a person with direct knowledge. Algeria had already been struggling with separate export issues since late summer.
Lost Algerian LNG cargoes tighten global gas supply and support spot prices, which raises energy and nitrogen fertilizer input costs for feed producers.
bloomberg.comAnna ShiryaevskayaDec 11, 2020After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
