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An OIES report says the US LNG export margin stayed negative in the second quarter and may remain so through 2020. Japanese utility JERA is losing money reselling oil-linked cargoes at lower spot prices.
A prolonged LNG glut keeps global gas prices depressed and points to slower export recovery, limiting upside for natural gas and energy-linked costs.
oilprice.comNick CunninghamJul 19, 2020After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% 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.
