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The IEA forecasts global gas demand will grow 1.6% a year to about 4,000 bcm by 2022, with China providing 40% of the growth. US output is expected to supply 40% of the world's additional gas production to 2022.
Strong demand growth is supportive for gas prices, but the large expected rise in US supply limits the upside. The outlook matters for longer-term energy input costs.
iea.orgJul 12, 2017After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% 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.
