
The EIA reports that US LNG exports fell to an average of 3.1 Bcf/d in July 2020, down from a record 8.0 Bcf/d in January. About 45 August cargoes and 30 September cargoes had been canceled, and the agency expects exports to stay low for several months.
Weak global prices and high storage in Europe and Asia have made US exports uneconomic.
Sustained low LNG exports keep US gas supply domestic and cap prices, which keeps nitrogen fertilizer input costs lower. The data confirms a weak export outlook that limits upside for natural gas.
Setelah 62 peristiwa laporan bearish sebelumnya, Gas Alam bergerak median -3,0% selama 5 sesi (42% lebih tinggi; separuh tengah -7,6% sampai +4,6%), dan -0,5% 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.