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Japan-Korea Marker LNG prices for November delivery fell by $1.039 to $9.925/MMBtu, driven by ample prompt supply and weak demand. The IEA cut its 2018 and 2019 oil demand growth forecasts by 110,000 b/d amid trade disputes.
Oil prices also fell on those demand worries.
Lower Asian LNG and oil prices reduce energy costs for importers, but weaker demand growth signals softer energy markets. The impact on feed commodity prices is limited.
oilprice.comTim DaissOct 15, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
