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S&P Global published a factbox on how COVID-19 demand destruction is compounding oversupply in American natural gas and LNG markets. The piece covers the effects on gas and LNG demand across the Americas.
Weaker gas and LNG demand alongside oversupply points to lower US natural gas prices, which feed into fertilizer and energy costs for feed producers.
spglobal.comApr 1, 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.
