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Buyers are cancelling U.S. LNG cargoes for September loading, with estimates of 15 to 26 cancellations, after roughly 45 were cancelled for August. U.S. LNG exports have fallen more than 50% this year to an expected 3.2 Bcf/d in July.
Lower LNG export demand leaves more US gas in domestic supply, pressuring Henry Hub prices and reducing energy-linked costs for feed processing.
oilprice.comTsvetana ParaskovaJul 21, 2020After 24 past bearish trade events, Natural Gas moved a median +2.8% over 5 sessions (54% higher; middle half -4.5% to +7.3%), and -1.2% 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.
