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U.S. natural gas is on track to become the world's most expensive gas for the first time in more than a decade, as COVID-19 lockdowns cut demand in Europe and Asia. U.S. futures rallied about 10% in April on bets that the oil crash would curb associated gas output, while Asian and European prices fell to new lows.
The narrowing of the global gas price premium weakens the economics of U.S. LNG exports, while the expected output cut from lower oil drilling supports domestic prices.
energynow.com23 Apr 2020Setelah 155 peristiwa makro bullish sebelumnya, Gas Alam bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -4,0% sampai +7,1%), dan +2,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Describes U.S. futures rallying about 10% in April on bets that the oil crash would curb associated gas output; it is dated after the window but confirms the supply-driven mechanism.
Describes the April rally on bets that the oil crash will curb associated gas output, confirming the supply-expectation mechanism, though it is published a day after the window ends.
