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The IEA said Europe saved about $8 billion on its 2018 gas bill because of LNG imports and market reforms. US shale growth and LNG expansion led Qatar to divert supply to Europe, which changed Russia's oil-indexed gas pricing.
The Dutch TTF benchmark gained influence.
Structural shifts in gas pricing matter for energy costs but have little direct impact on feed ingredient prices.
reuters.comSabina ZawadzkiJun 7, 2019After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% 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.
