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Robin Mills writes in The National that gas demand may recover faster than oil after the crisis, and that gas went negative in Texas in January. He notes that the 2019 LNG supply surge was a record and that a further wave of projects reached final investment.
A large LNG supply pipeline set against a possible demand recovery suggests gas prices may stay weak for longer, with limited upside.
thenationalnews.comRobin MillsApr 28, 2020After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% 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.
