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Northeast Asian spot LNG prices fell 55 cents to $6.70/MMBtu on Nov. 2, giving back most of the prior two weeks' gains.
Southwest Europe and UK NBP prices also dropped. The moves came as demand eased after a recent rally.
Lower Asian and European LNG prices reduce the pull on US LNG exports and weigh on global gas price sentiment. This can ease pressure on US Henry Hub prices.
energyintel.comNov 3, 2020Not enough comparable past events yet for a historical read.
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.
