Loading…
Record natural gas prices across Europe signal an urgent need to reduce consumption and rebuild inventories to lower the risk of supply shortfalls this winter. Policymakers are weighing how to limit price increases while guaranteeing supply for politically sensitive users.
Record European gas prices and the push to curb demand raise energy and fertilizer costs globally, supporting feed input prices. Policy intervention could also shift demand and LNG flows, adding volatility to energy markets.
reuters.comJohn KempSep 24, 2021After 155 past bullish macro events, NATGAS moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
After 92 past bullish macro events, UREA moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% 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.
Record European gas prices raised nitrogen production costs and prompted output cuts.
