Loading…
Forbes reports that the US natural gas glut is spreading to global markets as large new supply arrives over the next few years. Projected 2015-2020 supply growth of 44% is expected to keep prices depressed.
Persistent oversupply keeps gas prices low, which pressures high-cost producers and limits energy-driven cost increases for feed makers.
forbes.comMichael LynchMar 16, 2017After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% 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.
