Advertisement
Advertisement
Natural Gas News: Europe Lacks Supply, So It Turns to Asia
Published: Oct 1, 2021, 15:09 UTC
What’s happening in the natural gas markets? Prices are surging like crazy. The answer may be complex, but I’m here to provide it.
In this article:
Market Analysis
Today, we expect the market to be accumulating since the U.S. Energy Information Administration (EIA) on Thursday reported an injection of 88 billion cubic feet (Bcf) of natural gas into storage for the week ending on Sept. 24. This could indeed be explained by warmer temperatures and entering the month of October.
New Futures Market in Turkey
For those interested in watching foreign energy markets, please note that today marks the start of the Turkish Natural Gas Futures Market (NFM), a new milestone in the Nat-Gas trade.
(Source: EnergyScan)
The sudden spike in Asia JKM November 2021 prices could be explained by the fact that European buyers are forced to keep competing aggressively with their Asian counterparts to attract LNG cargoes (Liquefied Natural Gas Transportation).
Figure 2 – Henry Hub Natural Gas (NGV21) Futures (October contract, weekly chart, logarithmic scale)
In brief, today we provided you with some recent updates regarding the market developments for various natural gas markets in order to get a wider view of what’s happening in them. Nobody said it’s impossible to navigate through them. That’s what I do best – I keep an eye on everything energy-related happening in the world. Detailed positions for oil/natural gas trading can be found in my premium Oil Trading Alerts.
Have a nice weekend!
Like what you’ve read? Subscribe for our daily newsletter today, and you’ll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today!
Thank you.
Sebastien Bischeri
Oil & Gas Trading Strategist
* * * * *
The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits’ associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data’s accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits’ employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
About the Author
Sébastien Bischericontributor
Sebastien Bischeri is a former Reserve Officer in the French Armed Forces (Navy), and began his career in computer science and engineering, prior to move into banking, finance, and trading. He has worked as a contractor with top banks, firms, government departments, MNCs, SMEs and start-ups over the past decade, where he’s gained extensive knowledge of commodities, economic intelligence, energy, financial markets, investments, risks, and strategy (both as a Trader and Analyst).
Did you find this article useful?
Latest news and analysis
Advertisement