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Asian spot LNG prices fell to $4.65/mmBtu in the week to March 21, the lowest since May 2016, reflecting excess supply rather than weak demand. Columnist Russell argues the slump should prompt questions over new LNG projects.
A supply glut keeps global gas prices depressed, which weakens the energy complex and fertilizer-linked costs, with a modest bearish read for natural gas.
energynow.comMar 25, 2019After 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.
