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Mild weather has cut European natural gas consumption, and several LNG cargoes due in the region were canceled because storage terminals lack space. Some gas sellers are redirecting cargoes to other markets.
Surplus LNG being diverted away from Europe points to weaker gas prices and more supply available to Asian buyers.
bloomberg.comAnna Shiryaevskaya, Stephen StapczynskiOct 7, 2019Not enough comparable past events yet for a historical read.
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.
