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The Gulf diplomatic rift involving Qatar is affecting LNG trade, with tankers redirected from Fujairah to distant ports. Analysts say the wider market is calm and Suez and Hormuz shipments are still moving.
Buyers may increase spot purchases to diversify supply.
Logistical disruption and a shift toward spot buying raise short-term gas price risk. The impact on feed input costs depends on how long the rift lasts.
cnbc.comHuileng TanJun 8, 2017After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
