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The IEA's World Energy Outlook 2016 forecasts gas demand growth of 1.5% a year to 2040 and expects global LNG trade to double. It also warns that record cuts in upstream oil investment could create a significant risk of conventional supply shortfalls within a few years.
The long-term outlook points to expanding gas trade and a possible future oil supply shortfall, which supports the medium-term price outlook for energy.
naturalgasintel.comNov 16, 2016After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% over 20.
After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), 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.
