-
5 charts show drivers of Q2 gas price recovery
Sometimes it’s better to let charts do the talking. In today’s article we use 5 charts to set out the current state of play in gas markets. We particularly focus on the drivers behind the nascent price recovery since Mar 2024 and whether it is set to continue. 1. Russian deficit is driving structural market tightness Imagine someone awoke from a 3 year coma and you wanted to explain to them why the global gas market had structurally tightened. Chart 1 would be a good place to start. chart Put simply, Russian supply cuts of pipeline gas to Europe as a result of the Ukraine conflict have significantly outweighed ... (full story)