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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 de abr. de 2020Após 155 eventos altista de macro passados, Gás natural subiu em mediana +0,1% em 5 sessões (51% de alta; metade central de -4,0% a +7,1%), e +2,0% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
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.
