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Energy Intelligence reports that bullish factors in US natural gas remain, including storage at a decade low and rising LNG feedgas demand. Bulls still expect prices above $3/MMBtu, but record production growth is seen capping any move into that range.
A bearish outlook into 2019 would keep US natural gas cheap, which lowers energy and nitrogen fertilizer costs for US feed producers. The view is a forecast rather than a new supply or demand event.
energyintel.comAug 31, 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.
