# LNG Prices Are In A Tailspin Due To Warmer Weather | OilPrice.com

> Spot LNG prices in Asia fell as warmer Northern Hemisphere temperatures reduced heating demand in Japan, China and South Korea. Major importers were already well stocked, and oil price weakness added to the decline. Traders are storing LNG on tankers in a contango-style trade.

- Date: 2018-12-01 · published 2018-12-01T12:00:00.000Z
- Category: weather · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/61752-lng-prices-are-in-a-tailspin-due-to-warmer-weather-oilprice-com
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower LNG and oil prices reduce global energy costs and weigh on gas-linked fertilizer and processing costs, while the weak demand signals a softer global energy market.

## Read by commodity

- BRENT: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-11-30 | [Natural Gas Prices Crash On Warm Weather Warnings \| OilPrice.com](https://feedsoft.ai/events/56244-natural-gas-prices-crash-on-warm-weather-warnings-oilprice-com.md) | -2.0% | -10.4% |
| NATGAS | 2018-02-01 | [Why Natural Gas Prices Just Tanked \| OilPrice.com](https://feedsoft.ai/events/7448-why-natural-gas-prices-just-tanked-oilprice-com.md) | -14.0% | -15.1% |
| NATGAS | 2024-10-14 | [Nat-Gas Prices Tumble as US Weather Forecasts Warm](https://feedsoft.ai/events/10301-nat-gas-prices-tumble-as-us-weather-forecasts-warm.md) | -17.8% | -27.1% |
| NATGAS | 2023-01-03 | [Warm Winter Weather Pushes US Natgas Prices Lower \| Energy Intelligence](https://feedsoft.ai/events/9186-warm-winter-weather-pushes-us-natgas-prices-lower-energy-intelligence.md) | -4.8% | -32.8% |
| NATGAS | 2016-10-27 | [U.S. gas prices slump as warm weather persists: Kemp](https://feedsoft.ai/events/10114-u-s-gas-prices-slump-as-warm-weather-persists-kemp.md) | -1.9% | +6.6% |
| BRENT | 2020-10-29 | [Analyst Insight: La Niña weather event could impact your rapeseed price \| AHDB](https://feedsoft.ai/events/50745-analyst-insight-la-nina-weather-event-could-impact-your-rapeseed-price-ahdb.md) | +5.1% | +24.6% |
| BRENT | 2017-01-03 | [The End Of The Rally? Oil Reverses, Natural Gas Trounced \| OilPrice.com](https://feedsoft.ai/events/11916-the-end-of-the-rally-oil-reverses-natural-gas-trounced-oilprice-com.md) | -1.6% | -1.0% |
| BRENT | 2022-12-06 | [Competitive Black Sea wheat pressuring prices, explained: Grain market daily \| AHDB](https://feedsoft.ai/events/38266-competitive-black-sea-wheat-pressuring-prices-explained-grain-market-daily-ahdb.md) | -6.1% | -7.8% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Natural-Gas/LNG-Prices-Are-In-A-Tailspin-Due-To-Warmer-Weather.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.