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European natural gas prices have fallen well below pre-invasion levels after the continent found alternatives to Russian gas, implemented widespread conservation, and experienced a relatively mild winter. The decline reflects rebuilt supplies and reduced demand.
Lower European gas prices signal reduced LNG import pressure and easing competition for global cargoes, supporting weaker natural gas prices. Cheaper energy lowers production costs for European feed and fertilizer makers.
nytimes.comStanley ReedJan 3, 2023After 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.
