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UK National Balancing Point spot gas rose to its highest level since March. The increase followed tight supply caused by unplanned outages at Norwegian fields and processing plants.
Norwegian supply outages tighten European gas, raising energy costs and supporting European LNG demand. Higher European gas prices can also lift nitrogen fertilizer costs.
energyintel.comAug 30, 2018After 54 past bullish logistics events, NATGAS moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
