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Asian spot LNG for November delivery eased to about $12.00 per MMBtu after several strong weeks. Buyers in Japan and South Korea were replenishing stocks before winter, but some cargoes went unsold.
Earlier price gains had been partly driven by higher crude oil, to which some contracts are linked.
Softer spot LNG prices reduce near-term pressure on Asian gas buyers. Prices remain elevated, and oil-linked contracts still depend on crude direction.
admin.hydrocarbonprocessing.comSep 14, 2018Not 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.
