Loading…
Russia and Ukraine signed the agreements needed to keep Russian gas flows to Gazprom's western European markets running for five years, averting a winter supply crisis. European gas and power prices extended their declines after the accord.
Record LNG volumes this year are supporting a supply glut.
Assured Russian pipeline supply removes a winter supply-shock risk, pushing European gas prices lower. Lower energy costs support feed margins, though the effect on grain and oilseed prices is indirect.
bloomberg.comDina Khrennikova, Daryna Krasnolutska, Mathew CarrJan 1, 2020After 15 past bearish geopolitics events, Natural Gas moved a median -1.1% over 5 sessions (40% higher; middle half -9.2% to +2.4%), and +4.7% 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.
