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The European Commission has closed its antitrust case against Gazprom without imposing fines. The item also notes Europe's slower growth and its growing access to LNG, coal and renewables as alternative supplies.
Closing the case removes a regulatory overhang on Russian gas supply to Europe, which modestly eases the risk of disruption. The effect on feed commodity prices is limited.
reuters.comFoo Yun Chee, Alissa De CarbonnelMay 24, 2018After 13 past neutral policy events, Natural Gas moved a median -1.3% over 5 sessions (46% higher; middle half -4.9% to +2.7%), and +2.1% 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.
