Natural Gas news and market movers: Global demand drops
- A decline in China’s LNG inventories is becoming rather bad news for Gas prices, with Chinese buyers commenting to Bloomberg that they are awaiting a further decline in prices before considering refilling current drawdown levels.
- Japanese electricity generator Jera Co. is conducting planned outages at its gas-fueled plants in an effort to conserve liquefied natural gas after bad weather causes delays in LNG deliveries in the Tokyo Bay area.
- ANZ Bank revised its outlook for European gas prices to a further uprising with ongoing attacks between Russia and Ukraine on gas storage facilities creating the ideal situation for an energy crunch.
- The Energy Information Administration (EIA) will release around 14:30 GMT the weekly gas storage numbers. Previous was a build of 7 billion cubic feet, and a draw of 28 billion cubic feet is expected for this week.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.