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Natural gas futures slid toward $2 per MMBtu, a level not breached in three years, as planned maintenance at Cheniere's Sabine Pass LNG terminal cut flows by 36%. Shale output keeps the market oversupplied despite record exports.
Lower gas prices reduce fertilizer and energy input costs, and the LNG outage shows how export logistics can shift domestic supply and price.
energynow.comAug 6, 2019After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% 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.
