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S&P Global features a warning that global gas could follow oil into an unchecked oversupply if no producer deal is reached. It says gas prices are at all-time lows because of oversupply and weaker demand, with market-share strategies dominating in Europe.
Gas at record lows and possible unrestrained supply would keep natural gas and energy-linked input costs under downward pressure.
spglobal.comApr 2, 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.
