Energy markets have baffled observers like never before. While crude oil keeps finding a way to hold on, gas prices have taken an entirely different route. The two commodities have a history of well-oiled movement, with gas prices generally following the broader trends in the oil market. That seems to be over, at least for now. Europe has just registered eighth straight weekly loss in gas prices – which is a first in 15 years. {chart} The LNG market is now believed to be officially in a glut, after a mild winter, and substantially reduced industrial demand from European buyers. China has only recently returned to ... (full story)