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PetroChina has started cutting natural gas deliveries to some industrial clients and raising prices for large buyers, according to Reuters sources. The move follows December shortages in northern China and aims to limit the risk of new shortages this winter.
Chinese gas rationing and higher prices point to strong Asian gas demand and tight LNG supply, which supports LNG and gas prices. Higher energy costs could also raise fertilizer and processing costs.
oilprice.comIrina SlavMay 18, 2018After 13 past bullish policy events, Natural Gas moved a median -1.7% over 5 sessions (46% higher; middle half -2.4% to +4.5%), and +5.3% 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.
