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Asian spot LNG prices fell as Japanese utilities including Kansai Electric, Osaka Gas and JERA tried to sell March cargoes they had overbought during a warm end to 2016. Prices for March delivery dropped to about $7.75/MMBtu and April was near $7.
Oversupply in Asia weakens the global LNG price benchmark, which can ease energy costs for importers but has little direct effect on US feed grain prices.
theamericanenergynews.comAEN StaffJan 27, 2017Not enough comparable past events yet for a historical read.
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.
