Loading…
LNG Journal reports that U.S. LNG exports fell in the past week after fog closed the Sabine Pass waterway on the Gulf Coast to larger ships. Domestic gas prices dropped as warmer weather and milder forecasts arrived, along with smaller-than-expected storage withdrawals.
Lower LNG loadings reduce export demand for U.S. gas, and milder weather cuts domestic heating demand, both pointing to softer natural gas prices.
lngjournal.comJohn McKayFeb 8, 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.
