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The IEA raised its 2020 global gas demand forecast slightly, now expecting a 3% year-on-year drop of 120 bcm, still the largest fall on record. It sees demand rebounding about 3% in 2021, while global LNG exports plunged 17% from January to July.
Slightly better 2020 demand and a 2021 rebound support gas prices modestly, which keeps energy and nitrogen fertilizer costs firmer. Effects on grain and feed prices are indirect.
energynow.comOct 1, 2020After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
