
Gas benchmarks in Europe, Asia and the US converged near $2/mmBtu amid the global lockdown. The IEA projects global energy consumption could fall 6% in 2020 and gas demand could drop 2.7% to 5%, its first annual decline since 2008-2009.
A 2019 surge in LNG supply growth had already created an oversupply before the pandemic.
A demand decline on top of a large LNG supply overhang keeps gas prices depressed, lowering energy and fertilizer input costs. The price floor depends on how fast producers cut output.
在过去 59 次看跌的宏观事件之后,天然气 在 5 个交易日内中位数变动 +1.3%(58% 上涨;中间一半区间为 -5.0% 至 +5.2%),20 个交易日内为 -2.0%。
在过去 565 次看跌的宏观事件之后,原油(WTI) 在 5 个交易日内中位数变动 -1.4%(41% 上涨;中间一半区间为 -5.9% 至 +3.0%),20 个交易日内为 -0.5%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
Global gas benchmarks converging at record lows amid lockdowns and an LNG oversupply point to broad demand weakness weighing on Henry Hub.