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Oil Search's CEO said the LNG market has changed fundamentally and that the current oversupply may not last as demand grows. The IEA expects the US to become the leading global gas exporter by the mid-2020s.
The commentary points to a longer-term shift toward a more flexible, US-supplied gas market, which may limit price spikes over time. It is outlook commentary rather than a new supply or demand event.
cnbc.comSam MeredithNov 15, 2017After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% 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.
