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A CSIS analysis says the coronavirus will reshape global natural gas markets already in transition. Demand is expected to fall, with prices depressed and no major supplier clearly willing to cut output first.
Illness risks may also slow LNG and petrochemical projects, and fewer investments are expected in 2020.
Weaker gas demand and depressed prices lower the cost of natural gas used in fertilizer and processing, while the oil slump adds downward pressure on energy-linked feed costs.
axios.comBen GemanMar 26, 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.
